America’s Car-Mart Shares Offering to Boost Finances

The latest update is out from America’s Car-Mart ( (CRMT) ).

America’s Car-Mart, Inc. has launched an underwritten public offering of 1.7 million shares at $43 each, eyeing proceeds of approximately $67.8 million, excluding potential sales from an additional 255,000 shares available to the underwriter for 30 days. The offering, which closed the following day, will fund Car-Mart’s debt repayment and general corporate needs. The offering was managed by Jefferies LLC and is part of Car-Mart’s strategy to strengthen its financial position and continue its growth in the “Integrated Auto Sales and Finance” sector of the used car market.

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