Superior Group launches stock offering
November 2, 2020 - Superior Group of Companies has filed a prospectus with the U.S. Securities and Exchange Commission for a $120 million mixed shelf offering. The Seminole-based company, with divisions focused on uniforms and apparel, promotional products and call centers, said proceeds would be used for general corporate purposes, including increasing working capital, reducing debt, or buying or investing in complementary businesses, products and services. Superior (Nasdaq: SGC) also launched a secondary stock offering, and plans to sell 750,000 shares. The offerings follow increases in both sales and earnings in the third quarter of 2020.