Motorcar Parts Of America Announces Proposed Public Offering Of Common Stock - aftermarketNews

Motorcar Parts Of America Announces Proposed Public Offering Of Common Stock

MPA said it expects to use the net proceeds from the offering for working capital and other general corporate purposes.

LOS ANGELES – Motorcar Parts of America (MPA) intends to offer 2 million shares of its common stock in an underwritten public offering, subject to market and other conditions. In addition, MPA intends to grant the underwriters a 30-day option to purchase up to 300,000 additional shares of common stock to cover over-allotments, if any.

MPA said it expects to use the net proceeds from the offering for working capital and other general corporate purposes.

Craig-Hallum Capital Group LLC and Roth Capital Partners LLC are acting as joint book-running managers for the offering. B. Riley & Co. LLC is acting as co-manager for the offering.

The prospectus and a preliminary prospectus supplement related to the offering have been filed with the SEC and are available on the SEC’s website located at http://www.sec.gov and may also be obtained from Craig-Hallum Capital Group, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, telephone 612-334-6300, email:[email protected].

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