CPI Announces Pricing of Secondary Public Offering of Common Stock
CPI Card Group priced a registered secondary public offering of 2,337,323 shares at $21.50 per share, with all shares sold by stockholders affiliated with private equity sponsor Parallel49 Equity for gross proceeds of about $50.3 million. The company is not selling any shares and will receive no proceeds, so the deal is non-dilutive; underwriters also hold a 30-day option to purchase up to an additional 350,598 shares from the selling stockholders. B. Riley Securities and D.A.
Key figures
- Deal Value Usd
- 50300000
- Offering Price
- 21.5
- Shares Offered
- 2337323
- Expected close
- on or about September 14, 2026
- Company proceeds
- 0
- Overallotment option days
- 30
- Overallotment option shares
- 350598
AI analysis
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