- Sovos Brands Inc (NASDAQ:SOVO) has priced an underwritten secondary public offering of 8.5 million shares by certain stockholders at $14.00 per share.
- The offer price represents a 4.8% discount on the company’s closing price on August 10, 2022.
- The offering consists entirely of secondary shares to be sold by the selling stockholders, who will receive all of the proceeds.
- The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1.3 million shares at the public offering price.
- The offering is expected to close on August 15, 2022.
- Price Action: SOVO shares are trading lower by 1.56% at $14.47 in premarket on the last check Thursday.
CrossAmerica Announces Pending Acquisition of Assets of Community Service Stations, No Terms Disclosed
CrossAmerica to acquire wholesale fuel supply portfolio in the Greater Boston area
Approximately 75 million gallons across the supply contracts
CrossAmerica Partners LP (NYSE:CAPL) today
