YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Proceeds from the offering are expected to be about $82.3 million, according to an Allegiant news release issued Thursday. If underwriters choose to exercise their 30-day option to purchase up to an additional 750,000 shares to cover any overallotments, revenues would be about $94.9 million.
The offering’s revenues will be used to pay debt, purchase additional aircraft and cover general corporate costs, according to the release.
Allegiant stock will be traded on the NASDAQ Stock Market under ticker symbol “ALGT.”
Allegiant offers flights from Springfield-Branson National Airport to Orlando and Tampa, Fla., and Las Vegas.
See SBJ’s Dec. 11 issue for a look at Allegiant Air’s success in Springfield.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
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