MILWAUKEE - REV Group, Inc. (NYSE:REVG), a prominent manufacturer and distributor of specialty vehicles, has announced the launch of a secondary public offering of 7,395,191 shares of common stock.
The shares are being offered by American Industrial Partners Capital Fund IV, LP and its parallel fund. The company itself will not receive any proceeds from this transaction, as all shares are being sold by the aforementioned selling stockholders.
The offering is subject to market conditions and customary closing conditions. Goldman Sachs & Co (NYSE:GS). LLC and Morgan Stanley are acting as the joint book-running managers for the offering. The shares will be offered to the public at a fixed price, which may be subject to change without prior notice.
This offering is made possible through an effective shelf registration statement on Form S-3, which was filed and became effective on December 19, 2023. The prospectus supplement and accompanying base prospectus are available for free on the SEC website or directly from the managing financial institutions.
REV Group emphasizes that this press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful.
The company, known for its customized vehicle solutions for various applications, including public services and consumer leisure, maintains a diverse portfolio with many recognizable brand names.
The forward-looking statements in the press release are based on current expectations and projections about future events and are subject to risks, uncertainties, and changes in circumstances that may cause actual results to differ materially from those expressed or implied by those statements.
This article is based on a press release statement from REV Group, Inc.
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