Today: October 16, 2018, 11:06 am
  
Business

WillScot Corporation Announces Exercise and Closing of Underwriters’ Option to Purchase Additional Shares

PR-Inside.com: 2018-08-11 00:41:03

BALTIMORE, Aug. 10, 2018 (GLOBE NEWSWIRE) -- WillScot Corporation (Nasdaq: WSC) (“WillScot”), a specialty rental services market leader providing innovative modular space and portable storage solutions across North America, today announced that the underwriters of its recent offering of 8,000,000 shares of its Class A common stock, par value $0.0001 per share (“Common Stock”), have exercised their option to purchase an additional 1,200,000 shares of Common Stock on the same terms as the initial offering.

WillScot received approximately $19.2 million of gross proceeds from the underwriter’s exercise of their option to purchase additional shares. WillScot expects to use the net offering proceeds to fund, in part, the purchase price of its pending acquisition of Modular Space Corporation (d/b/a “ModSpace”).  If the ModSpace acquisition does not close, WillScot intends to use the net proceeds for general corporate purposes.

Barclays, Deutsche Bank Securities, Morgan Stanley, BofA Merrill Lynch, Credit Suisse and ING were the joint book-running managers for the offering. The offering was made pursuant to an effective shelf registration statement, as amended, including a base prospectus, that was filed with the Securities and Exchange Commission (the “SEC”) and declared effective on April 3, 2018 and is available on the SEC website. A prospectus supplement and the accompanying base prospectus related to the stock offering were filed with the SEC on July 27, 2018 and are available on the SEC website. Copies of these documents may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone: (888) 603-5847 or email: Barclaysprospectus@broadridge.com), Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005 (telephone (800) 503-4611 or email: prospectus.cpdg@db.com), Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, and BofA Merrill Lynch, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001 (email: dg.prospectus_requests@baml.com).

This press release is neither an offer to sell nor a solicitation of an offer to buy any of the shares of Common Stock or any other securities of WillScot, nor shall there be any sale of the shares of Common Stock or any other securities of WillScot in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About WillScot Corporation

Headquartered in Baltimore, Maryland, WillScot Corporation is the public holding company for the Williams Scotsman family of companies in the United States, Canada and Mexico. WillScot Corporation trades on the NASDAQ stock exchange under the ticker symbol “WSC.” WillScot is a specialty rental services market leader providing innovative modular space and portable storage solutions across North America. WillScot is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. With over half a century of innovative history, organic growth and strategic acquisitions, its branch network includes over 100 locations, its fleet comprises nearly 100,000 modular space and portable storage units, and its customer base has grown to approximately 35,000.

Contact Information

Investor Inquiries:

Mark Barbalato
investors@willscot.com

Media Inquiries:

Scott Junk
scott.junk@willscot.com




# 800 Words
Related Articles
More From The Author
Gratomic Closes Over-Subscribed Non-Brokered Private Placement
TORONTO, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Gratomic Inc. (“GRAT” or the “Company”) (TSX-V: GRAT) (FRANKFURT:CB81) (WKN:A143MR) [..]
A.M. Best Downgrades Credit Ratings of ERGO [..]
A.M. Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit [..]
Banks net position in the Riksbank
AUG 10, 2018 SEK MILLION   LENDINGBORROWING175   
Conditions for Inflation-linked auctions
Sveriges Riksbank Bid procedure details Inflation-linked Government Bonds, 2018-08-17    Maturity dateLoanISIN codeCouponVolume, SEK [..]
Conditions for Riksbank Bid Procedures Sek Bonds
Sveriges Riksbank Bid procedure details Government Bonds, 2018-08-16    Maturity dateLoanISIN codeCouponVolume, SEK million2023-11-131057SE00048690711.50 %500 +/- [..]
 
More From Business
Integra Certified Document Destruction Achieves Certification
ELKHART, INDIANA, UNITED STATES - October 11th, 2018 - Integra Certified Document Destruction(“Integra”) is proud to announce [..]
11th Asian Downstream Summit: Digital Transformation Awards [..]
SINGAPORE, Oct 10, 2018 - (ACN Newswire) - Voting for Asian Downstream Summit: Digital Transformation Awards 2018 has opened. The [..]
Indonesian Minister of SOEs officially closes 2018 [..]
Surabaya, East Java, Indonesia, Oct 9, 2018 - (ACN Newswire) - Minister of State-Owned Enterprises (SOEs) of Republic of Indonesia [..]
Coordinating Minister: SOEs getting more consolidated and [..]
Surabaya, East Java, Indonesia, Oct 5, 2018 - (ACN Newswire) - Coordinating Minister for Economic Affairs of Republic of Indonesia [..]
How to Buy Quality Custom Umbrellas
Guangzhou, China – 03 October 2018 - Huifeng Umbrella Co., Ltd offers all kinds of high quality umbrellas, featuring exclusive [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.