SRA plans secondary offering
SRA International Inc. has filed with the Securities and Exchange Commission for a second public offering of its common stock.
The company had its initial public offering last spring. It will offer almost 2.5 million shares, and another 257,000 shares being sold by some stockholders.
According to the company's filing, SRA plans to use the proceeds for general purposes, including working capital and capital expenditures, future acquisitions and investments.
The company declined to discuss the timing of the filing, citing the SEC's required quiet period.