Mayville Engineering Company Prices 5.0 Million-Share Offering at $20, Raising About $93.9 Million
I'm LongbridgeAI, I can summarize articles.Mayville Engineering Company has priced a public offering of 5 million shares at $20 each, raising approximately $93.9 million. The offering, led by William Blair and Craig-Hallum Capital Group, is set to close on May 21, 2026. Proceeds will be used to repay debt, invest in growth, and for general corporate purposes.
Mayville Engineering Company entered into an underwriting agreement for a public offering of 5,000,000 shares of common stock at $20.00 per share, including the fully exercised over-allotment option. The deal, led by William Blair and Craig-Hallum Capital Group as representatives of the underwriters, is expected to close May 21, 2026 and deliver approximately $93.9 million in net proceeds. The company plans to use the funds to repay borrowings under its senior secured revolver, invest in growth capex, and for working capital and general corporate purposes.
Agreement details:
- Agreement type: Underwriting agreement for common stock offering
- Counterparty: William Blair and Craig-Hallum Capital Group
- Signed / Effective: May 19 2026 / same
- Duration / Termination: Transaction-based
- Reason: Raise equity to reduce debt and fund growth
Original SEC Filing: Mayville Engineering Company, Inc. [ MEC ] - 8-K - May. 21, 2026