$STG.TO

Earnings Flash (STG.TO) STRACON Group Reports Q1 Revenue US$167.2M, Up 1% YoY; Backlog Grows to US$2.29B

STRACON Group Holding Files Preliminary Base Prep Prospectus in Connection with a Proposed Initial Public Offering

STRACON Group Holding (STG.TO) on Tuesday said it filed a preliminary base PREP prospectus with Canadian securities regulators in connection with a proposed initial public offering of its shares, it said on Tuesday.The offering is expected to consist of a primary offering issued from treasury by the company and a secondary offering, said the company. The number of shares to be offered and the offering price per share under the offering have not yet been determined, stated the company.The preliminary prospectus is still subject to completion or amendment, it said."Concurrently with the offering, the selling shareholders intend to sell a portion of the common shares being distributed pursuant to the offering through an offer-for-sale (Oferta Publica de Venta) on the LSX using its centralized trading system, which constitutes a secondary sale exempt from SMV registration under Peruvian law," added the company. "Participation in the Peruvian secondary offering will be limited to institutional investors as defined under Peruvian regulations."