COCO - The Vita Coco Company down 2% on pricing upsized offering of 5M shares
2023-05-24 06:35:11 ET
- The Vita Coco Company ( NASDAQ: COCO ) upsizes and prices an underwritten public offering of 5M shares at a public offering price of $23.00 per share.
- The offering was upsized from the previously announced 4.5M shares.
- Underwriters have a 30-day option to purchase up to 750K additional shares.
- The selling stockholder will receive all of the proceeds from the offering.
- The offering is expected to close on May 26, 2023.
- The stock price dropped 2% during pre-market on Wednesday.
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The Vita Coco Company down 2% on pricing upsized offering of 5M shares