2023-05-18 05:01:11 ET
- Intapp ( NASDAQ: INTA ) is trading up 2.7% on Thursday premarket, prices an underwritten public offering of 6.25M shares at a public offering price of $36.50 per share.
- The offering consists of 2M shares being sold by the company and 4.25M shares being sold by certain selling stockholders.
- Gross proceeds of ~$73M to the company and ~$155.1M to the selling stockholders.
- Underwriters have an option for a period of 30 days to purchase up to an additional 937.5K shares.
- The offering is expected to close on or about May 22, 2023.
- The company intends to use the net proceeds for working capital and general corporate purposes.
- The company will not receive any proceeds from the sale of shares by the selling stockholders.
For further details see:
Intapp up 3%, prices stock offering