Business
American Public Education Announces Closing of Public Offering of Common Stock and Full Exercise of Option to Purchase Additional Shares
CHARLES TOWN, W.Va., March 1, 2021 /PRNewswire/ -- American Public Education, Inc. (Nasdaq: APEI) announced today the closing of its previously announced
About this update from American Public Education, Inc.
[{"type":"text","content":"CHARLES TOWN, W.Va., March 1, 2021 /PRNewswire/ -- American Public Education, Inc. (Nasdaq: APEI) announced today the closing of its previously announced underwritten public offering of common stock. APEI sold 3,680,000 shares of its common stock at a public offering price of $25.00 per share, including the exercise in full by the underwriters of their option to purchase an additional 480,000 shares of common stock. Gross proceeds to APEI from the offering were $92 million before deducting the underwriting discounts and commissions and other estimated offering expenses payable by APEI.\n\n \n \n \n \n \n \n\n \nTruist Securities and William Blair acted as joint lead book-running managers and as representatives of the underwriters for the offering. B. Riley Securities also acted as a book-running manager for the offering, and Barrington Research and Sidoti & Company, LLC acted as co-managers.\nThe securities were offered pursuant to a shelf registration statement on Form S-3 (333-252980), which was declared effective by the Securities and Exchange Commission (SEC) on February 19, 2021. The final prospectus supplement and accompanying base prospectus relating to the offering has been filed with the SEC and are available on the SEC's website at www.sec.gov. Copies of the final prospectus supplement and accompanying base prospectus relating to these securities may also be obtained for free by contacting either Truist Securities, Inc. Attention: Prospectus Department, 3333 Peachtree Road NE, 9th Floor, Atlanta, Georgia 30326, email: [email protected], or William Blair & Company, L.L.C., Attention: Prospectus Department, The William Blair Building, 150 North Riverside Plaza, Chicago, Illinois 60606, Telephone (800) 621-0687 or by email at [email protected].\nThis press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering, nor shall there be any offer, solicitation, or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.\nAbout American Public Education, Inc. \nAmerican Public Education, Inc. (Nasdaq: APEI) is a provider of higher learning through its wholly owned subsidiaries: American Public Univer...