CPI Card Group selling stockholders price 2,687,921-share secondary offering at $21.5 per share - PMTS News | RalliesCPI Card Group selling stockholders price 2,687,921-share secondary offering at $21.5 per share
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PMTS• Secondary offering priced by selling stockholders
- CPI Card Group closed a registered underwritten secondary offering by Parallel49 Equity-affiliated stockholders totaling 2,687,921 common shares.
- Shares priced at $21.50 each; included 350,598 shares from full exercise of the overallotment option.
- Gross proceeds to selling stockholders totaled about $57.8 million; CPI received no proceeds.
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