Rush Street Interactive Announces Launch of Proposed Secondary Offering of Class A Common Stock by Selling Stockholders and Concurrent Repurchase of Shares
Rush Street Interactive announced a proposed secondary offering of 10 million shares by selling stockholders, including Chairman Neil Bluhm and CEO Richard Schwartz, for personal financial planning. To offset the dilution, RSI plans to repurchase $30 million of shares concurrently and will replace its existing buyback plan with a new $100 million authorization.
Key figures
- Shares Offered
- 10000000
- Greenshoe shares
- 1500000
- New buyback authorization
- 100000000
- Concurrent repurchase amount
- 30000000
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