10:07 AM EDT, 09/19/2024 (MT Newswires) -- America's Car-Mart (CRMT) said Thursday it priced its public offering of 1.7 million common shares at $43 per share.

Underwriters have been granted a 30-day option to purchase up to 255,000 additional shares.

Net proceeds from the offering, which is expected to close around Friday, will be used to repay a portion of the balance on the company's revolving credit facilities, with the remaining proceeds to be used for general corporate purposes.

Shares of the company fell over 10% in recent trading activity.

Price: 44.60, Change: -5.36, Percent Change: -10.73