- Ecovyst ( NYSE: ECVT ) on Thursday upsized its secondary stock offering by funds affiliated with CCMP Capital Advisors to 13M shares and priced it at $8.75/share.
- The selling stockholders granted underwriters a 30-day option to buy up to 1.95M additional shares at the public offering price.
- ECVT intends to repurchase from the underwriters 6.5M shares being sold in the offering at the price per share paid by the underwriters to the selling shareholders in the offering.
- The offering is expected to close on Aug. 8.
For further details see:
Ecovyst upsizes $113.8M secondary stock offering by selling shareholders