Radiant Logistics Universal Shelf Registration Statement Declared Effective By The Securities And Exchange Commission

May 28, 2015, 17:00 ET from Radiant Logistics, Inc.

BELLEVUE, Wash., May 28, 2015 /PRNewswire/ -- Radiant Logistics, Inc. (NYSE MKT: RLGT), a third party logistics and multimodal transportation services company, today reported that the Securities and Exchange Commission (SEC) has declared effective its $100 million universal shelf registration statement on Form S-3.

Radiant's Founder and Chief Executive Officer, Bohn Crain, said, "This registration statement replaces our previous $75 million universal shelf registration that expired in early May, 2015, and provides us with the continued financial flexibility to access capital to support and accelerate our growth strategy should the opportunity present itself."

Under the shelf registration statement, Radiant may from time to time issue up to $100 million of any combination of common equity, preferred equity, debt securities (including preferred equity or debt convertible into common equity or preferred equity), warrants, or units consisting of any of the foregoing.  The net proceeds of any such issuances by Radiant are expected to be used for general corporate purposes. 

Radiant's willingness and ability to raise capital under the shelf registration statement will depend upon a number of circumstances, including Radiant's need for additional capital to fund operations, organic growth or acquisitions, its financial and operating performance and the receptiveness of the capital markets to potential offerings by Radiant.  Radiant does not currently have any agreements with respect to the issuance of securities pursuant to the shelf registration statement. The terms of any offering under the shelf registration statement will be determined at the time of such offering and disclosed in a prospectus supplement filed with the SEC.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of any such state.

Radiant has filed registration statements with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in the applicable registration statement, the applicable prospectus supplement and other documents that Radiant has filed with the SEC for more complete information about Radiant and any offering. A copy of the prospectus included in each registration statement may be obtained at no charge at the SEC's website at www.sec.gov. In addition, when available, copies of the prospectus, and any prospectus supplement relating to a particular offering, may be obtained by contacting Radiant Logistics, 405 114th Avenue S.E., Bellevue, WA 98004, Attn: General Counsel, (425) 943-4599.

About Radiant Logistics (NYSE MKT: RLGT)

Radiant Logistics (www.radiantdelivers.com) is a comprehensive North American provider of third party logistics and multimodal transportation services.  As a non-asset provider, with minimal investment in equipment, the company delivers advanced supply chain solutions through a network of company-owned and strategic operating partner locations across North America under the Radiant®, Wheels™, On-Time™, Airgroup®, Adcom®, and DBA™ network brands.  Through its comprehensive service offering, the company provides domestic and international freight forwarding services, truck and rail brokerage services and other value-added supply chain management services, including customs brokerage, order fulfillment, inventory management and warehousing to a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world.

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to: trends in the domestic and global economy; our ability to attract new and retain existing agency relationships; acquisitions and integration of acquired entities; availability of capital to support our acquisition strategy; our ability to maintain and improve back office infrastructure and transportation and accounting information systems in a manner sufficient to service our revenues and network of operating locations; the ability of the Wheels operation to maintain and grow its revenues and operating margins in a manner consistent with its most recent operating results and trends, including those reflected in management's internal financial results for the quarter ended March 31, 2015 (although there can be no assurances that such results will not be subject to subsequent modification or adjustment since they were not subject to customary review procedures by an independent auditor); our ability to maintain positive relationships with Wheels' third-party transportation providers, suppliers and customers; our ability to complete two acquisitions that are currently under consideration and the ability of such acquired entities to perform in a manner that is consistent with historic trends; outcomes of legal proceedings; competition; management of growth; potential fluctuations in operating results; and government regulation. More information about factors that potentially could affect our financial results is included Radiant Logistics, Inc.'s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.


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SOURCE Radiant Logistics, Inc.