Radiant Logistics Universal Shelf Registration Statement Declared Effective by the SEC
Radiant Logistics, Inc. (NYSE: RLGT) today reported that the Securities and Exchange Commission (SEC) has declared effective its $75 million universal shelf registration statement on Form S-3.
Radiant's Chief Executive Officer, Bohn Crain, said, "This represents another great milestone for Radiant and its shareholders. We continue to look for opportunities to grow our business, and we believe that this shelf registration will act as a nice complement to our existing $20.0 million credit facility with Bank of America and provides us with added flexibility to access capital to support our growth strategy."
Under the Form S-3, the Company may from time to time issue up to $75 million of any combination of common equity, preferred equity and debt securities (including preferred equity or debt convertible into common equity or preferred equity), or warrants, rights or units consisting of any of the foregoing. The net proceeds of any such issuances by the Company are expected to be used for general corporate purposes. In addition, certain of our stockholders may sell up to 1,052,333 shares of common stock under the registration statement. The Company will not receive any proceeds from the sale of these shares.
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