CPI Announces Proposed Secondary Public Offering of Common Stock by Major Stockholder
CPI Card Group (Nasdaq: PMTS) announced a proposed underwritten secondary public offering of 2,337,323 shares by stockholders affiliated with Parallel49 Equity, with underwriters holding a 30-day option to purchase up to 350,598 additional shares. The company is not selling any shares and will receive no proceeds; all proceeds go to the selling stockholders, so the offering is not dilutive to the share count. B. Riley Securities and D.A.
Key figures
- Shares Offered
- 2337323
- Registration Form
- S-3 (File No. 333-259511)
- Proceeds To Company
- No
- Over Allotment Shares
- 350598
- Over Allotment Option Days
- 30
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