- PowerSchool ( NYSE: PWSC ) priced an underwritten offering of 8.7M shares of its Class A common stock by certain selling stockholders associated with Onex Partners and Vista Equity Partners as well as Hardeep Gulati, respectively, at $21/share.
- Mr. Gulati sold 63,727 shares of the company's Class A common stock in the offering.
- Underwriters granted 30-day option to purchase up to an additional 1.3M shares.
- Offer is expected to close on Mar.3, 2023.
- The company will not receive any proceeds from the sale of shares.
For further details see:
PowerSchool prices secondary stock offering by selling stockholders