Mesa Air Group, Inc. ("Mesa" or the "Company") announced today the closing of its initial public offering of 9,630,000 shares of its common stock, at a public offering price of $12.00 per share, thereby raising gross proceeds of $115,560,000. The shares trade on the Nasdaq Global Select Market under the symbol “MESA.” The Company and the selling shareholders identified in the registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”) have granted the underwriters a 30-day overallotment option to purchase up to an additional 1,444,500 shares of the Company’s common stock. If the overallotment option is exercised in full, 777,833 shares will be purchased directly from the Company, and 666,667 shares will be purchased directly from the selling shareholders.
Mesa intends to use the net proceeds from the offering received by it to repay certain outstanding indebtedness, to pay fees and expenses related to the offering and for general corporate purposes. The Company will not receive any proceeds from the offering of the common stock by the selling shareholders.
Raymond James and BofA Merrill Lynch are acting as lead book-running managers for the offering. Cowen, Stifel and Imperial Capital are acting as additional book-running managers for the offering.
The initial public offering is being made solely by means of a written prospectus. A registration statement relating to these securities has been filed with, and declared effective by, the SEC. A copy of the final prospectus for the offering may be obtained for free by visiting the SEC website at http://www.sec.gov. Alternatively, a copy of the prospectus related to this offering may be obtained from Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, telephone: (800) 248-8863, email: email@example.com; or BofA Merrill Lynch, attention: Prospectus Department, NC1-004-03-43, 200 North College Street 3rd floor, Charlotte, NC 28255-0001, email: firstname.lastname@example.org. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.