Business
Addus HomeCare Announces Public Offering of Common Stock
FRISCO, Texas, Sept. 3, 2019 /PRNewswire/ -- Addus HomeCare Corporation (Nasdaq: ADUS) ("Addus" or the "Company"), a provider of comprehensive home care
About this update from Addus Homecare Corporation
[{"type":"text","content":"FRISCO, Texas, Sept. 3, 2019 /PRNewswire/ -- Addus HomeCare Corporation (Nasdaq: ADUS) (\"Addus\" or the \"Company\"), a provider of comprehensive home care services, today announced that it has commenced a proposed public offering of 2,000,000 shares of its common stock. In addition, funds affiliated with Eos Partners (the \"Selling Stockholders\") intend to offer 500,000 shares. Addus expects to grant the underwriters a 30-day option to purchase up to 300,000 additional shares of its common stock at the public offering price, and the Selling Stockholders expect to grant the underwriters a 30-day option to purchase up to 75,000 additional shares. Addus will not receive any proceeds from the sale of the shares of common stock by the Selling Stockholders.\nJefferies LLC, RBC Capital Markets, LLC and Raymond James & Associates, Inc. are acting as joint book-running managers for the offering. Robert W. Baird & Co. Incorporated, Oppenheimer & Co. Inc., Stephens Inc., William Blair & Company, L.L.C., BMO Capital Markets Corp., and Sidoti & Company, LLC are acting as co-managers. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the final size or terms of the offering.\nAn automatic shelf registration statement (including a prospectus) relating to the offering of common stock was filed with the U.S. Securities and Exchange Commission (the \"SEC\") on September 3, 2019, and became effective upon filing. A preliminary prospectus supplement, dated September 3, 2019, and accompanying prospectus, dated September 3, 2019, relating to the offering have been filed with the SEC. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of Addus before investing. To obtain a copy of the preliminary prospectus supplement, dated September 3, 2019, and the final prospectus supplement (when available) for this offering, please contact Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by calling (877) 547‑6340, or emailing [email protected], RBC Capital Markets, LLC, Attn: Prospectus Department, 200 Vesey Street, 8th Floor, New York, NY 10281 or by calling (877) 822-4089, or emailing [email protected]...