Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the Company) has announced the pricing of its initial public offering of 14,333,333 shares of its common stock at a public offering price of US$15.00 per share, for total gross proceeds of approximately US$215.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. All of the common stock sold in the offering is being offered by the Company. The underwriters will have a 30-day option to purchase up to an additional 2,149,999 shares of common stock from the Company. The shares began trading on the Nasdaq Global Market on May 9, 2024, under the ticker symbol “PAL.” The offering is expected to close on May 13, 2024, subject to the closing of the Company’s acquisition of five operating entities and customary closing conditions. Latham & Watkins represents the underwriters in the offering, with a capital markets team led by Chicago partners Christopher Lueking and Jonathan Sarna, with associates KC Sands, Omeed Valipour, and Molly Nelson. Advice was also provided on executive compensation matters by Bay Area partners Maj Vaseghi and James Robinson; and on tax matters by Chicago partner Rene de Vera.~~