Benzinga | Sep 2, 2020 04:56PM EDT

BlueLinx Highlights Filing Of Amendment To Update Exhibit To Universal Shelf Registration

BlueLinx Holdings Inc. (NYSE:BXC), a leading distributor of building and industrial products in the United States, today announced that it filed an amendment to update an exhibit to the universal shelf registration statement on Form S-3 that it filed in November 2019. Following review of the amendment by the U.S. Securities and Exchange Commission (SEC), the Company intends to request that the shelf registration statement be declared effective.

The Company did not actively pursue effectiveness of the shelf registration statement after its initial filing with the SEC, and the Company was recently notified by the SEC that pursuant to its rules, given the passage of time since its filing, the shelf registration statement would be deemed abandoned if the Company did not request that it be declared effective. Therefore, although at the present time the Company has no specific plans to issue securities under the shelf registration statement, the Company elected to file the requisite amendment and request effectiveness rather than abandon the filing.

If the shelf registration statement is declared effective by the SEC, it will allow the offer and sale, from time to time, of up to $50 million of securities including common stock, preferred stock, debt securities, warrants, units, or any combination of such securities. Any such offers and sales would be made through one or more methods of distribution, subject to market conditions and the Company's capital desires or needs. The terms of any offering under the shelf registration statement, and the intended uses of the net proceeds therefrom, will be established at the time of such offering and will be described in a prospectus supplement filed with the SEC prior to completion of the offering. A copy of the prospectus included in the registration statement may be obtained on the SEC's website at www.sec.gov.

The registration statement has been filed with the SEC but has not yet become effective. The securities included in the registration statement may not be sold, nor may offers to buy the Securities be accepted, prior to the time the registration statement becomes effective. This press release is not an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of 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.