ASLE - AerSale dips 5% after hours on secondary stock offering

• AerSale ( NASDAQ: ASLE ) stock dipped 4.8% after hours on Tuesday as the firm announced a underwritten secondary offering of 4M shares .
• Underwriters will get a 30-day option to buy up to an additional 600K shares on the same terms.
• The selling shareholders will receive all proceeds from the offering.
• AerSale ( ASLE ) also entered into a share repurchase deal with the selling shareholders, under which it intends to buy 1.5M shares directly from the stockholders.
• The repurchase is expected to be completed concurrently with the closing of the offering.

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