In connection with the offering, the selling stockholders have granted the underwriters an option to purchase up to 2,400,000 additional shares of common stock from the selling stockholders. REV Group is not selling any
REV Group, Inc. (NYSE:REVG) announced today the commencement of an underwritten public offering of 12,000,000 shares of common stock by certain selling stockholders. In connection with the offering, the selling
REV Group Inc (NYSE: REVG) surges over 7% as it unveils strategic initiatives. The sale of Collins Bus Corporation for $303.0 million and the exit from transit bus manufacturing mark significant changes. A special dividend of $3.00 per share, payable on February 16, 2024, reflects the company's commitment towards shareholders.
Shares of Despegar.com, Corp. (NYSE: DESP) rose sharply during Wednesday’s session after the company raised its FY23 financial guidance.
The company said it now sees revenue of $690 million to $700 million, versus previous forecast of $670 million to $700 million.
Companies Reporting Before The Bell
• VersaBank (NASDAQ:VBNK) is expected to report earnings for its fourth quarter.
• Cognyte Software (NASDAQ:CGNT) is expected to report earnings for its third quarter.