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Red Violet Closes $115 Million Underwritten Public Offering

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Red Violet (RDVT) said Friday it closed an underwritten public offering of about 1.9 million common shares.

The offering included 250,000 shares sold following the underwriters' full exercise of their overallotment option.

Net proceeds of about $108.6 million will be used for working capital and general corporate purposes, including potential strategic acquisitions, according to the company.

Price: $67.15, Change: $-0.15, Percent Change: -0.22%

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