MAX - MediaAlpha Announces Launch of Secondary Offering | Benzinga
LOS ANGELES, May 07, 2024 (GLOBE NEWSWIRE) -- MediaAlpha, Inc. ("MediaAlpha") (NYSE:MAX) today announced the launch of an underwritten secondary public offering of 6,000,000 shares of its Class A common stock by certain selling stockholders (the "Selling Stockholders"). The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of Class A common stock.
MediaAlpha is not offering any shares of Class A common stock in the offering. The Selling Stockholders will receive all of the proceeds from the proposed offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.
J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint bookrunners and representatives for the offering. BofA Securities, Canaccord Genuity, William Blair and BMO Capital Markets are acting as bookrunners.
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. A preliminary prospectus supplement related to the offering has also been filed with the SEC. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the ...