Everbridge Inc. (NASDAQ: EVBG) has registered an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) for its secondary offering. No pricing details were listed in the filing, but 3.01 million shares are to be sold, with an overallotment option for an additional 451,825 shares. At the most recent closing price of $20.53, the entire offering is valued up to $71.12 million.

In the offering, 275,000 shares are being sold by the company, while the remaining 2.74 million are being sold by selling stockholders.

The underwriters for the offering are Credit Suisse, Merrill Lynch, Stifel, Pacific Crest Securities, Canaccord Genuity, Raymond James, Needham and William Blair.

This global software company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events such as IT outages, cyberattacks or other incidents such as product recalls or supply-chain interruptions, this software-as-a-service (SaaS) based platform enables customers to quickly and reliably aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of predefined communications processes and track progress on executing response plans.

Customers use this platform to identify and assess hundreds of different types of threats to their organizations, people, assets or brand. Its solutions enable organizations to deliver intelligent, contextual messages to, and receive verification of delivery from, hundreds or millions of recipients, across multiple communications modalities such as voice, SMS and e-mail. These applications enable the delivery of messages in near real-time to more than 100 different communication devices, in over 200 countries and territories, in 15 languages and dialects — all simultaneously. Everbridge delivered 1.5 billion communications in 2016.

The company will not receive the proceeds from selling stockholders in this offering. But what little proceeds the firm does receive will be put toward working capital and general corporate purposes.

Shares of Everbridge were last seen down 3.6% at $19.80 on Monday, with a consensus analyst price target of $23.20 and a 52-week trading range of $11.76 to $21.25.

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