MasterCraft Boat Holdings, Inc. (MCFT) Form 424B3 — Oct 23, 2026
MasterCraft filed a 424B3 prospectus registering the resale of up to 5,665,995 shares of common stock by Rollins family selling stockholders, per the registration rights agreement tied to the Marine Products merger that closed May 15, 2026. The company will receive no proceeds; all selling stockholders receive the sale proceeds. The registered shares equal roughly 23% of the 24,223,933 shares outstanding as of October 4, 2026, with the Randall Rollins Voting Trust alone holding 4,872,466 shares (20.1% pre-offering). At the October 22, 2026 price of $20.29, the block is worth about $115 million.
Key figures
- Deal Value Usd
- $84.7 million cash plus 8,088,171 shares issued for Marine Products merger
- Offering Price
- 20.29
- Shares Offered
- 5665995
- Shares Outstanding
- 24223933
- Lockup structure
- 50% locked 6 months, 50% locked 12 months post-closing
- Takedown minimum
- $25 million per underwritten shelf takedown
- Merger exchange ratio
- 0.232 MCFT shares + $2.43 cash per Marine Products share
- Shares issued in merger
- 8088171
- Registration rights duration
- 15th anniversary of closing
AI analysis
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