Benzinga | Dec 7, 2021 04:50PM EST

Verra Mobility Announces Secondary Offering Of ~8.2M Shares Of Common Stock

Verra Mobility (NASDAQ:VRRM) ("Verra Mobility" or the "Company"), a leading provider of smart mobility technology solutions, announced today that one of its principal shareholders, an affiliate of Platinum Equity, LLC (the "Selling Stockholder"), has commenced a secondary offering of 8,207,821 shares of its Class A common stock (the "Offering"). The Company is not offering any shares of its Class A common stock in the Offering and will not receive any of the proceeds from the sale of the shares offered by the Selling Stockholder.

BofA Securities is acting as the sole underwriter for the offering.

An automatic shelf registration statement on Form S-3 (including a prospectus) relating to these securities became effective upon filing with the Securities and Exchange Commission (the "SEC"). The Offering is being made solely by means of a prospectus supplement and the accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus relating to the Offering, when available, may be obtained by contacting BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, Email: dg.prospectus_requests@bofa.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.