Alkami Technology, a leading provider of cloud-based digital banking solutions, has announced plans for a secondary offering of 7.5 million shares of its common stock. The offering will be led by J.P. Morgan Securities LLC and involves the sale of shares by existing investors. Alkami will not be selling any shares in the offering and will not receive any proceeds from the sale.
Keurig Dr Pepper Inc. (KDP) shares took a dip on Tuesday following the announcement of a secondary offering by JAB Holding Company. This move will see JAB offload a portion of its KDP stake, reducing its ownership to approximately 16.5%. Learn more about the offering and how to invest in KDP stock.
Shares of ADT Inc. (ADT) are trading lower by 6.5% after the company announced a proposed secondary public offering of 56 million shares and a concurrent 16 million share repurchase by selling shareholder Apollo Global Management. The offering is expected to close on October 30th, 2024.
Kits Eyecare Ltd. has successfully closed the over-allotment option in its secondary offering, raising an additional $1.7 million. This move brings the total funds raised in the offering to a significant amount, further bolstering the company’s financial position and growth strategy.
Equinox Gold Corp (EQX) shares are down 5.3% after the company issued 24.76 million shares to an affiliate of MDC Industry Holding. These shares will be sold in a secondary offering at US$5.65 per share, raising approximately US$140 million for Ninety Fourth Investment Company.
Hawaiian Electric Industries (HE) stock is experiencing a sharp decline on Tuesday following the announcement of a secondary offering of 54 million shares at a price of $9.25 per share. The company intends to use the proceeds to fund its contribution to the expected Maui wildfire tort litigation settlement and for general corporate purposes. Despite analyst price targets suggesting potential upside, HE stock is trading below its 50-day moving average and approaching its 52-week low.
Sotera Health Co (SHC) stock experienced a significant rise after the company announced a secondary offering of 25 million shares. The offering, undertaken by affiliates of Warburg Pincus and GTCR, will result in these entities relinquishing their majority stake in Sotera Health, leading to a shift in certain rights they previously held. This move signifies a change in the company’s ownership structure and could potentially impact its future direction.
