Sterling Construction Company, Inc., has announced the closing of a common stock offering, and D.A. Davidson & Co. is managing the offering.
Sterling (Nasdaq GS:STRL) on Thursday announced the completion of the offering of 4,500,000 shares of common stock announced earlier and 675,000 shares of common stock to cover over-allotments pursuant to an option that was exercised by the underwriter prior to closing. The offering resulted in net proceeds to the Company of approximately $19 million.
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