ROTH Capital Partners Acts as Joint Book-Running Manager
for Willdan Group, Inc. (NASDAQ: WLDN)
in its $60.4 Million Follow-On

   

For more information please contact:
 
Investment Banking
Gerald L. Mars
Managing Director
(949) 720-7196
gmars@roth.com
 
Jacob Frank
Director
(949) 720-7135
jfrank@roth.com
 
Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
 
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
 
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
Willdan Group, Inc. (NASDAQ: WLDN) has closed an underwritten public offering of 2,012,500 shares of common stock, which includes 262,500 additional shares pursuant to the full exercise of the over-allotment option. The shares were sold at the public offering price of $30.00 per share, resulting in gross proceeds for Willdan of approximately $60.4 million.

On October 1, 2018, Willdan entered into an agreement to acquire Lime Energy Co. and intends to use the proceeds of the offering to fund a portion of the $120 million purchase price and for general corporate purposes, which may include the repayment of borrowings under its new credit facilities. The acquisition is subject to customary conditions to closing and is expected to close during the fourth quarter of 2018. If the acquisition of Lime Energy Co. is not completed, Willdan intends to use the proceeds of the offering for general corporate purposes.

ROTH Capital Partners acted as joint book-running manager for the offering.

About Willdan Group, Inc.
Willdan is a nationwide provider of professional technical and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting. For more information, please visit http://willdan.com .
(Source: Company Press Release | 10/4/18)

About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit www.roth.com .

Date of Announcement: 10/12/18

The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2018.