Mesa Air Group closes IPO

Mesa Air Group has closed the initial public offering (IPO) of 9,630,000 shares of its common stock, at a public offering price of $12.00 per share, thereby raising gross proceeds of $115,560,000. The shares trade on the Nasdaq Global Select Market under the symbol “MESA.” The company have granted the underwriters a 30-day overallotment option to purchase up to an additional 1,444,500 shares of the common stock. If the overallotment option is exercised in full, 777,833 shares will be purchased directly from the company, and 666,667 shares will be purchased directly from the selling shareholders. Mesa intends to use the