LEWISVILLE, Texas, May 12, 2026 (GLOBE NEWSWIRE) -- GMR Solutions Inc. ("GMR") today announced the pricing of an initial public offering of 31,914,893 shares of its Class A common stock at $15.00 per share. Shares of GMR's Class A common stock are expected to begin trading on The New York Stock Exchange ("NYSE") on May 13, 2026 under the symbol "GMRS," and the offering is expected to close on May 14, 2026, subject to customary closing conditions.

GMR has granted the underwriters in the offering a 30-day option to purchase up to an additional 4,787,233 shares of its Class A common stock to cover over-allotments, if any.

GMR intends to use the net proceeds from the offering to redeem certain outstanding shares of its Series B preferred stock, with any remaining net proceeds, together with the net proceeds from a $500.0 million concurrent private placement transaction and cash on hand, to repay a portion of outstanding borrowings under Global Medical Response, Inc.'s first lien term loan due 2032.

J.P. Morgan, KKR Capital Markets LLC, BofA Securities, Barclays, Goldman Sachs & Co. LLC, Citigroup, Evercore ISI, Morgan Stanley, and UBS Investment Bank are acting as joint book-runners for the offering and Capital One Securities, Loop Capital Markets, Regions Securities LLC and Strong Capital Markets are acting as co-managers for the offering.

The offering will be made only by means of a prospectus. Copies of ...