VAN BUREN, Ark.--(BUSINESS WIRE)--USA Truck, Inc. ("USA Truck") (NASDAQ:USAK), a leading capacity
solutions provider headquartered in Van Buren, AR, announced today the
closing of an underwritten public secondary offering of 2,000,000 shares
of USA Truck's common stock by certain affiliates of Baker Street
Capital Management, LLC and Stone House Capital Management, LLC (the
"Selling Stockholders") at a price to the public of $20.00 per share.
The closing included the sale by the Selling Stockholders of 260,869
shares of common stock pursuant to the underwriters’ option to purchase
additional shares. The underwriters exercised this option in full on May
15, 2015.
Stephens Inc. served as the sole book-running manager for the offering
and Cowen and Company, LLC served as lead manager. The shares were
offered pursuant to an effective shelf registration statement. The
offering was made only by means of a prospectus and related prospectus
supplement, copies of which may be obtained from the offices of Stephens
Inc., 111 Center Street, Little Rock, Arkansas 72201, Attn: Prospectus
Department, or by calling toll-free 1-800-643-9691. Electronic
copies of the prospectus and the prospectus supplement are available on
the Securities and Exchange Commission's website at www.sec.gov.
This press release does not constitute an offer to sell these securities
or a solicitation of an offer to buy these securities, nor shall there
be any offer, solicitation, or sale of these 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.
Scudder Law Firm, P.C., L.L.O. acted as legal counsel to USA Truck,
Olshan Frome Wolosky LLP acted as legal counsel to Baker Street Capital
Management, LLC and certain of its affiliates, Haynes and Boone, LLP
acted as legal counsel to Stone House Capital Management, LLC and
certain of its affiliates, and Faegre Baker Daniels LLP acted as legal
counsel to the underwriters, in connection with the offering.
About USA Truck
USA Truck is a capacity solutions provider of transportation and
logistics services that include truckload, dedicated contract carriage,
intermodal and brokerage spot market throughout the continental United
States, Mexico and Canada.
This press release and related information will be available to
interested parties at our web site, www.usa-truck.com,
under the "News Releases" tab of the "Investors" menu.
