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Verra Mobility Corporation Announces Pricing of Public Offering of Common Stock by a Selling Stockholder
MESA, Ariz., June 5, 2019 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM) ("Verra Mobility" or the "Company") announced today the pricing of an
About this update from Verra Mobility Corporation
[{"type":"text","content":"MESA, Ariz., June 5, 2019 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM) (\"Verra Mobility\" or the \"Company\") announced today the pricing of an underwritten public offering of 15,000,000 shares of its Class A Common Stock by a selling stockholder of the Company, at a public offering price of $12.50 per share. The selling stockholder has also granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of the Company's Class A Common Stock. The Company will not receive any of the proceeds from the sale of the shares being offered by the selling stockholder. Settlement is scheduled for June 10, 2019, subject to customary closing conditions.\n\n \nDeutsche Bank Securities and Morgan Stanley are acting as the joint lead book-running managers for the offering. Credit Suisse, Goldman Sachs & Co. LLC and BofA Merrill Lynch are acting as additional book-running managers. Baird, BMO Capital Markets, William Blair and CJS Securities are acting as co-managers.\nA shelf registration statement on Form S-3 (including a prospectus) relating to these securities has been filed with and declared effective by the Securities and Exchange Commission (the \"SEC\"). The offering of these securities is being made solely by means of a prospectus supplement and the accompanying prospectus. Copies of the preliminary prospectus supplement and, when available, final prospectus supplement and related prospectus relating to the offering may be obtained by contacting:\nDeutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, by telephone at 800-503-4611 or by email at [email protected]; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014 or by telephone at 866-718-1649.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout Verra Mobility\nVerra Mobility is committed to developing and using the latest in technology and data intelligence to help make transportation safer and easier. As a global company, Verra Mobility sits at t...