- TETRA Tech (NYSE:TTI) fleshes out the details of yesterday's news that it was considering capital raise alternatives, disclosing a public offering of ~15M common shares and warrants to acquire 7.5M common shares, with an underwriters option to purchase up to an additional 2.25M shares and warrants to acquire an additional 1.125M shares.
- TTI plans to use the proceeds to repay outstanding indebtedness and for general corporate purposes.
- TTI +0.8% premarket after tumbling 11.3% in yesterday's regular trading.