Radiant Logistics Announces Stock Sale

Radiant Logistics Inc. announced a public offering of 6.67 million shares at $6.75 per share.

The sale includes 5.33 million newly issued shares and 1.33 million existing shares being sold by holders of the stock.

Radiant, based in Bellevue, Washington, said in a statement that the proceeds of $38.3 million primarily would be used to repay debt. An additional $9.7 million is expected to go to the selling shareholders.