Ritchie Bros. Auctioneers announced Jan. 15 that it has filed a registration statement on Form F-10 with the U.S. Securities and Exchange Commission and a preliminary short form prospectus and related documents with the securities regulatory authorities in all provinces of Canada, in connection with a secondary offering in the United States and Canada of up to 2,000,000 common shares, which includes 260,870 common shares subject to an over-allotment option granted to the underwriters by the selling shareholder.

All of the shares are being offered by Warm Springs Investments Ltd., a company controlled by David E. Ritchie, Ritchie Bros.’ chairman and CEO. Following the closing of the offering, Ritchie will beneficially own or control common shares representing approximately 17.3 percent of Ritchie Bros.’ outstanding common shares, assuming the over-allotment option is exercised in full by the underwriters. The final terms of the offering will be determined at the time of pricing. The company anticipates that pricing and completion of the offering will occur within the next two weeks. Ritchie Bros. will not receive any proceeds from the offering.

Today's top stories

Make Eliminating Jobsite Distractions Company Safety Goal

Two Firms Give Burned Highway New Life

VIDEO: Komatsu Holds Demo Days at Cartersville Customer Center

ABC: Over Half of March State Construction Unemployment Rates Down From a Year Ago

Allen Engineering Hosts 60th Anniversary Celebration

Contractors' Plate Full On Interstate 35 in Texas

Space Coast Leaders, Residents Excited About Planned Brightline Rail Station in Cocoa

Attachments International Debuts Severe Service Demolition Grapple