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NV5 Global Dropped from S&P Composite 1500
ByAinvest
Tuesday, Aug 5, 2025 9:23 pm ET1min read
NV5 Global, Inc. (NVEE) has been dropped from the S&P Composite 1500. The company's stock price has increased by 0.49%. The decision to remove NV5 Global from the index was made by S&P Capital IQ.
NV5 Global, Inc. (NVEE), a leading provider of tech-enabled engineering, testing, inspection, and consulting solutions for the built environment, has been dropped from the S&P Composite 1500 index. The decision was made by S&P Capital IQ. Despite this, the company's stock price has increased by 0.49% as of July 2, 2025 [1].The removal of NV5 Global from the index was announced on the same day that the company's stockholders approved a proposed merger with Acuren Corporation. Under the merger agreement, NV5 stockholders will receive $23.00 per share, consisting of $10.00 in cash and $13.00 in Acuren common stock, subject to a 10% collar adjustment. The post-merger ownership structure will see pre-merger NV5 stockholders owning approximately 40% of the combined company, while pre-merger Acuren stockholders will own about 60% [2].
The merger represents a significant consolidation in the tech-enabled engineering and testing services sector, combining NV5's capabilities with Acuren's complementary operations. The transaction is expected to close in August 2025, subject to customary closing conditions.
While the removal from the S&P Composite 1500 index may have an impact on NV5's visibility and liquidity, the stock price increase suggests that investors are optimistic about the company's future prospects, particularly in light of the upcoming merger. The forward-looking statements in the merger agreement highlight the potential for the combined entity to achieve significant growth and strategic positioning in the market.
For more information on NV5 Global, Inc., please visit their investor relations page at www.nv5.com.
References:
[1] https://ir.nv5.com/stock-information/default.aspx
[2] https://www.stocktitan.net/news/NVEE/nv5-stockholders-approve-proposed-merger-with-acuren-eg98km0oved4.html
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