Warrior Met Coal, Inc. has announced that a number of its existing stockholders (the selling stockholders) intend to offer 2 204 806 shares of the company’s common stock in an underwritten secondary offering.
The selling stockholders will receive all of the net proceeds from the offering. The company is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of shares in the offering.
Morgan Stanley is acting as the underwriter for the offering. The offering is being made pursuant to an effective automatic shelf registration statement on Form S-3 previously filed by the company with the Securities and Exchange Commission (SEC). The offering is being made only by means of a prospectus and related prospectus supplement, copies of which may be obtained on the website of the SEC, www.sec.gov, or, when available, from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.
Read the article online at: https://www.worldcoal.com/coal/09082018/warrior-met-coal-reveals-underwritten-secondary-offering/
You might also like
Canyon Coal is constructing a new coal mine in Hendrina, Mpumalanga, South Africa, with production is expected to start in 2H23.