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home / news releases / COCO - The Vita Coco Company drops 11% on 4.5M shares secondary offering

COCO - The Vita Coco Company drops 11% on 4.5M shares secondary offering

The Vita Coco Company Inc.

2023-05-22 09:04:52 ET

  • The Vita Coco Company ( NASDAQ: COCO ) existing stockholder, Verlinvest Beverages intends to offer for sale in an underwritten offering 4.5M shares .
  • Underwriters have a 30-day option to purchase up to 675K additional shares.
  • No shares of common stock are being sold by the Vita Coco Company, thus company will not receive any proceeds.
  • The stock is down 11% during pre-market on Monday.

For further details see:

The Vita Coco Company drops 11% on 4.5M shares secondary offering
Stock Information
Company Name: The Vita Coco Company Inc.
Stock Symbol: COCO
Market: NASDAQ
Website: thevitacococompany.com
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