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home / news releases / BBCP - Concrete Pumping announces secondary share offering

BBCP - Concrete Pumping announces secondary share offering

Concrete Pumping Holdings Inc.
Concrete Pumping (NASDAQ:BBCP) announces secondary offering of up to ~13M shares, par value $0.0001/share, upon the exercise of warrants. BBCP will not receive any proceeds from the sale of shares underlying the warrants, but will receive up to ~$149.7M from the exercise of the warrants, assuming the exercise in full of all the warrants for cash. Each warrant entitles the holder to purchase 1 share at an exercise price of $11.50/share commencing on Jan. 5, 2019 and will expire on Dec. 6, 2023 or earlier upon redemption or liquidation. BBCP may redeem outstanding warrants at $0.01/warrant if the last reported stock price equals or exceeds $18/share for any 20 trading days.

For further details see:

Concrete Pumping announces secondary share offering
Stock Information
Company Name: Concrete Pumping Holdings Inc.
Stock Symbol: BBCP
Market: NASDAQ
Website: concretepumpingholdings.com
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