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Custom Truck One Source, Inc. (CTOS) Prices 12.32M Share Secondary Offering at $8.50/sh

November 18, 2021 5:37 AM EST

Custom Truck One Source, Inc. (NYSE: CTOS) announced today the pricing of the previously announced secondary offering of 12,322,975 shares of Company common stock at a price to the public of $8.50 per share by certain selling stockholders affiliated with The Blackstone Group Inc. The selling stockholders have also granted the underwriters a 30-day option to purchase up to 1,848,446 additional ordinary shares. The offering is expected to close on November 22, 2021, subject to customary closing conditions.

The Company is not offering any shares of its common stock and will not receive any net proceeds from the sale of common stock by the selling stockholders. Citigroup is serving as the lead book running manager of, and representative of the underwriters for, the offering. Baird, Deutsche Bank Securities, Oppenheimer & Co. Inc. and Stifel are also serving as book-running managers of the offering. American Veterans, Bancroft, Cabrera, Castle Oak, CL King, Mischler and Roberts & Ryan are serving as co-managers of the offering.

The offering of these securities will be made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from:

Citigroup Global Markets Inc.Attention: Prospectus DepartmentC/O Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Telephone: (800) 831-9146

A registration statement, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the Securities and Exchange Commission. The offering of these securities is being made pursuant to an effective shelf registration statement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.



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