Radiant Logistics Universal Shelf Registration Statement Declared Effective By the SEC
BELLEVUE, WA May 14, 2012 – Radiant Logistics, Inc. (NYSE MKT: RLGT), a domestic and international transportation and logistics services company, today reported that the Securities and Exchange Commission (SEC) has declared effective its $75 million universal shelf registration statement on Form S-3.
Radiant’s Chief Executive Officer, Bohn Crain, said “This represents another great milestone for Radiant and its shareholders. We continue to look for opportunities to grow our business, and we believe that this shelf registration will act as a nice complement to our existing $20.0 million credit facility with Bank of America and provides us with added flexibility to access capital to support our growth strategy.”
Under the Form S-3, the Company may from time to time issue up to $75 million of any combination of common equity, preferred equity and debt securities (including preferred equity or debt convertible into common equity or preferred equity), or warrants, rights or units consisting of any of the foregoing. The net proceeds of any such issuances by the Company are expected to be used for general corporate purposes. In addition, certain of our stockholders may sell up to 1,052,333 shares of common stock under the registration statement. The Company will not receive any proceeds from the sale of these shares.
The Company’s willingness and ability to raise capital under the Form S-3 will depend upon a number of circumstances, including the Company’s need for additional capital to fund operations, organic growth or acquisitions, the Company’s financial and operating performance and the receptiveness of the capital markets to potential offerings by the Company. The Company does not currently have any agreements with respect to the issuance of securities pursuant to the Form S-3. The terms of any offering under the shelf registration will be determined at the time of the offering and disclosed in a prospectus supplement filed with the SEC.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of any such state.
Radiant has filed registration statements with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in the applicable registration statement, the applicable prospectus supplement and other documents the Company has filed with the SEC for more complete information about Radiant and any offering. A copy of the prospectus included in each registration statement may be obtained at no charge at the SEC’s website at www.sec.gov. In addition, when available, copies of the prospectus, and any prospectus supplement relating to a particular offering, may be obtained by contacting Radiant Logistics, 405 114th Avenue S.E., Bellevue, WA 98004, Attn: General Counsel, (425) 943-4599.