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].
