-+ 0.00%
-+ 0.00%
-+ 0.00%
Primo Brands Announces Secondary Offering Of 20M Shares By An Affiliate Of One Rock Capital Partners; Company To Purchase $10M Of Shares From Selling Stockholder
Share
Listen to the news

The Selling Stockholder will receive all of the net proceeds from this offering. No shares are being sold by the Company. In addition, we have entered into a stock purchase agreement with the Selling Stockholder, to repurchase $10 million of shares of our Class A Common Stock in a private transaction at the price at which the shares are sold to the public less the underwriting discounts and commissions (the "Share Repurchase"). The closing of the Share Repurchase is expected to be concurrent with the closing of this offering. The repurchased shares of Class A Common Stock will no longer be outstanding after this offering. The completion of the Share Repurchase is contingent on the satisfaction of customary closing conditions and conditioned upon the completion of this offering. The completion of this offering is not conditioned upon the completion of the Share Repurchase.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending