- Corsair Gaming ( NASDAQ: CRSR ) shares fell 7% premarket after the computer peripherals firm priced an underwritten public offering of 4,545,455 shares of common stock at $16.50/share.
- In addition, Corsair has granted the underwriters a 30-day option to purchase up to an additional 681,818 shares of common stock at the public offering price, less underwriting discounts and commissions.
- The gross proceeds from the offering are expected to be $75M, excluding any exercise of the underwriters’ option to purchase additional shares.
- Corsair ( CRSR ) currently intends to use the net proceeds that it will receive from the offering for general corporate purposes.
- The offering is expected to close on or about November 17, 2022, subject to satisfaction of customary closing conditions.
For further details see:
Corsair Gaming slides after pricing $75M stock offering