Proficient Auto Logistics (PAL) Prices 14.33M Share IPO at $15/sh

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Go back to Proficient Auto Logistics (PAL) Prices 14.33M Share IPO at $15/sh

Proficient Auto Logistics Announces Pricing of Initial Public Offering

May 8, 2024 8:56 PM EDT

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the Company) today announced the pricing of its initial public offering of 14,333,333 shares of its common stock at a public offering price of $15.00 per share, for total gross proceeds of approximately $215.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. All of the common stock is being offered by the Company. The underwriters will have a 30-day option to purchase up to an additional 2,149,999 shares of common stock from the Company. The shares are expected to... More