SOVO - Sovos Brands says selling stockholders to offer 10M shares
2023-05-15 17:27:28 ET
- Sovos Brands ( NASDAQ: SOVO ) on Monday said its selling stockholders plan to offer 10 million shares of common stock in a secondary public offering.
- The selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1.5 million shares.
- The offering consists entirely of secondary shares to be sold by the selling stockholders.
- The selling stockholders will receive all of the proceeds from the offering.
- Goldman Sachs and J.P. Morgan are acting as underwriters of the offering.
- Press Release .
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Sovos Brands says selling stockholders to offer 10M shares