Red Violet has closed its underwritten public offering of 1,916,667 shares of common stock, including the full exercise of the underwriters' option for an additional 250,000 shares, resulting in estimated net proceeds of approximately $108.6 million after deducting underwriting discounts, commissions, and estimated offering expenses. The company intends to use the net proceeds for working capital and general corporate purposes, including potential strategic acquisitions. Raymond James and Needham & Company acted as joint book-running managers, with B. Riley Securities and Craig-Hallum as co-managers, and Lake Street Capital Markets served as financial advisor to red violet.
Red Violet IncClosed public offering raising ~$108.6M for working capital and potential acquisitions.
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