PROS Announces Pricing of Follow-on Offering of Common Stock
August 15 2018 - 8:32PM
Business Wire
PROS® (NYSE: PRO), a provider of AI-powered solutions that
optimize selling in the digital economy, today announced the
pricing of its follow-on public offering of 3,800,000 shares of its
common stock at a price to the public of $34.00 per share. In
addition, the underwriters have been granted an option to purchase
up to an aggregate of 570,000 additional shares of common
stock.
J.P. Morgan, Morgan Stanley and RBC Capital Markets are serving
as joint book-running managers for the offering. Needham &
Company is acting as lead manager. KeyBanc Capital Markets,
Northland Capital Markets, JMP Securities and Nomura are acting as
co-managers for the offering.
A shelf registration statement on Form S-3 and a preliminary
prospectus supplement relating to the common stock offered in the
public offering described above were filed with the Securities and
Exchange Commission (or SEC) on August 13, 2018, and the
registration statement on Form S-3 was automatically effective upon
filing. A final prospectus supplement relating to the common stock
offered in the public offering described above will be filed with
the SEC. The offering will be made only by means of a written
prospectus. This press release does not constitute an offer to sell
shares or the solicitation of an offer to buy shares, and there
will not 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.
The preliminary prospectus supplement and the accompanying
prospectus relating to this offering are available at the SEC’s
website located at www.sec.gov. Copies of the final prospectus
supplement and the accompanying prospectus relating to this
offering may also be obtained, when available, from J.P. Morgan
Securities LLC, c/o: Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, by telephone at 1-866-803-9204;
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, Second Floor, New York, NY 10014; and RBC Capital
Markets, LLC, Attention: Equity Syndicate Department, 200 Vesey
Street, 8th Floor, New York, NY 10281; by phone at (877) 822-4089,
or by email at equityprospectus@rbccm.com.
About PROS
PROS Holdings, Inc. (NYSE: PRO) provides AI-powered solutions
that optimize selling in the digital economy. PROS solutions make
it possible for companies to price, configure and sell their
products and services in an omnichannel environment with speed,
precision and consistency. Our customers, who are leaders in their
markets, benefit from decades of data science expertise infused
into our industry solutions.
Forward-looking Statements
Statements in this press release regarding the public offering
constitute forward-looking statements that involve risks and
uncertainties, including, without limitation, risks and
uncertainties related to market conditions and the satisfaction of
customary closing conditions related to the public offering. There
can be no assurance that PROS will be able to complete the public
offering. Additional information relating to the uncertainty
affecting the PROS business is contained in PROS filings with the
Securities and Exchange Commission. These forward-looking
statements represent PROS expectations as of the date of this press
release. Subsequent events may cause these expectations to change,
and PROS disclaims any obligations to update or alter these
forward-looking statements in the future whether as a result of new
information, future events or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20180815005752/en/
Investor Contact:PROS Investor RelationsShannon Tatz,
+1-713-335-5932ir@pros.comorMedia Contact:PROS Public
RelationsJames Gerber, +1-617-960-9875pros@marchcomms.com
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