Montrose Environmental (MEG) Announces 3M Share Offering

Montrose Environmental Group, Inc. (the “Company” or “Montrose”) (NYSE: MEG) announced today that it intends to offer for sale 3,000,000 shares of its common stock in an underwritten public offering. All of the securities to be sold in the offering are being offered by the Company. In addition, the Company will grant the underwriters a 30-day option to purchase up to an additional 450,000 shares of common stock.

The Company intends to use the net proceeds from the offering for general corporate purposes and continued acceleration of strategic growth initiatives, including, but not limited to, acquisitions or business expansion, commercialization of intellectual property given expanded environmental regulations, research and development, software development, capital expenditures, working capital and the repayment of debt.

J.P. Morgan, William Blair and Evercore ISI are acting as joint leading book-running managers and representatives of the underwriters for the offering. BofA Securities is acting as book-running manager for the offering.

The offering of these securities will be made only by means of a prospectus supplement and related prospectus. Copies of the preliminary prospectus supplement and prospectus relating to the offering can be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone: 1-866-803-9204, or by email at [email protected]; William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois, 60606, by phone at +1(800) 621-0687, or by email at [email protected]; or Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone at 1-888-474-0200 or by email at [email protected].

An automatic shelf registration statement on Form S-3 relating to these securities was filed with the Securities and Exchange Commission on April 16, 2024 and became effective upon filing. This press release shall not constitute an offer to sell or the solicitation of any 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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