USA Truck To Offer Common Stock
Of the shares to be offered, the company will offer 2 million shares, while the selling stockholders, which include Chief Executive Officer Robert Powell and President Jerry Orler, will offer 1 million shares.
Powell also granted the underwriters an option to purchase up to an additional 450,000 shares to cover an over-allotment.
USA Truck is ranked No. 62 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
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