Concrete Pumping Holdings Announces Expiration of its Public Warrants
06 Dicembre 2023 - 11:00PM
Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company” or
“CPH”), a leading provider of concrete pumping and waste management
services in the U.S. and U.K., announced today that the Company’s
13,017,677 warrants to acquire shares of its common stock expired
in accordance with their terms as of 5:00 p.m. EST, on December 6,
2023. As a result of the expiration, the warrants will no longer be
recognized as a liability on the Company’s consolidated balance
sheet and there are no other warrants outstanding.
The listing of the Company’s common stock, which
is traded on Nasdaq under the ticker symbol “BBCP,” will not be
affected by the expiration of the Company’s warrants.
“As the Company is celebrating its 40th year
anniversary, over which time we have established our market-leading
position and developed a strong platform for continued robust
growth, we are pleased with the cleaner, simpler capital structure
and balance sheet as the warrants have expired,” said CPH CEO Bruce
Young.
About Concrete Pumping Holdings
Concrete Pumping Holdings is the leading
provider of concrete pumping services and concrete waste management
services in the fragmented U.S. and U.K. markets, primarily
operating under what we believe are the only established, national
brands in both geographies – Brundage-Bone for concrete pumping in
the U.S., Camfaud in the U.K., and Eco-Pan for waste management
services in both the U.S. and U.K. The Company’s large fleet of
specialized pumping equipment and trained operators position it to
deliver concrete placement solutions that facilitate labor cost
savings to customers, shorten concrete placement times, enhance
worksite safety and improve construction quality. Highly
complementary to its core concrete pumping service, Eco-Pan seeks
to provide a full-service, cost-effective, regulatory-compliant
solution to manage environmental issues caused by concrete washout.
As of July 31, 2023, the Company provided concrete pumping services
in the U.S. from a footprint of approximately 100 branch locations
across approximately 20 states, concrete pumping services in the
U.K. from approximately 30 branch locations, and route-based
concrete waste management services from 19 operating locations in
the U.S. and 1 shared location in the U.K. For more information,
please visit www.concretepumpingholdings.com or the Company’s brand
websites at www.brundagebone.com, www.camfaud.co.uk,
or www.eco-pan.com.
Forward‐Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Words such as “expect,”
“may,” “will,” “could,” and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements include, without limitation, information related to the
expiration of the Company’s warrants, and these forward-looking
statements involve risks and uncertainties that could cause actual
results to differ from those expected. Factors that may cause such
differences include the risks and uncertainties included in the
Company’s filings with the SEC, including the risk factors in the
Company's latest Annual Report on Form 10-K and Quarterly Reports
on Form 10-Q. The Company’s forward-looking statements speak only
as of the date made, and the Company does not undertake or accept
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in its expectations or any change in events, conditions or
circumstances on which any such statement is based.
Contact:
Company:Iain HumphriesChief Financial
Officer1-303-289-7497 |
Investor Relations:Gateway Group, Inc.Cody
Slach1-949-574-3860BBCP@gateway-grp.com |
Grafico Azioni Concrete Pumping (NASDAQ:BBCP)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Concrete Pumping (NASDAQ:BBCP)
Storico
Da Giu 2023 a Giu 2024