Proficient Auto Logistics prices $75M convertible note offering
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Proficient Auto Logistics Announces Pricing of $75 Million Convertible Bond Offering
August 11, 2026 8:15 PM EDTJACKSONVILLE, Fla., Aug. 11, 2026 (GLOBE NEWSWIRE) -- Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the Company or Proficient), a leading provider of auto transportation and logistics services, today announced the pricing of its previously announced offering of $75.0 million aggregate principal amount of convertible senior notes due 2033 (the notes) in a private offering (the offering) to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the Securities Act). The issuance and sale of the notes are expected to settle on August 13, 2026, subject to customary closing... More
