The company intends to use the net proceeds from the sale of securities for general corporate purposes, including working capital and capital expenditures. It seems rather broad because the firm noted, “our management will have broad discretion in the allocation of the net proceeds, and investors will be relying on the judgment of our management regarding the application of the proceeds of any sale of the securities.”
Shares of ATP closed at $7.81 and the 52-week trading range is $5.53 to $19.13. The market capitalization rate here is $399 million and Thomson Reuters lists a consensus price target objective of $9.83.
JON C. OGG
Contact [email protected] for any questions or corrections.
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