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Olshan Client Baker Street Capital Successfully Exits Investment in USA Truck Through Secondary Offering

May 20, 2015

On May 20, 2015, USA Truck, Inc. (NASDAQ: USAK), a leading capacity solutions provider headquartered in Van Buren, AR, closed an underwritten public secondary offering of 2,000,000 shares of its common stock (reflecting the full exercise of the underwriters’ over-allotment option) by certain affiliates of Baker Street Capital Management, LLC and Stone House Capital Management, LLC at a price to the public of $20.00 per share.  This secondary offering, which was undertaken in accordance with the terms of cooperation agreements between USAK and the each of the selling stockholders, provided Baker Street with a successful exit from its entire 13% equity position in USAK for gross proceeds of $26.6 million.  Steve Wolosky, Kenneth Mantel and Ryan Nebel represented Baker Street in connection with its investment-related filings with the SEC, the negotiation of the cooperation agreement and the secondary offering.

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