CPI Card Group stockholders launch secondary offering of 2,337,323 shares - PMTS News | RalliesCPI Card Group stockholders launch secondary offering of 2,337,323 shares
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PMTS• CPI Card Group stockholders launch secondary offering
- CPI Card Group disclosed an underwritten secondary offering of 2,337,323 common shares by stockholders affiliated with Parallel49 Equity.
- Selling stockholders will grant underwriters a 30-day option to buy up to 350,598 additional common shares.
- Proceeds will go entirely to the selling stockholders; CPI is not selling shares in the deal.
- B. Riley Securities and D.A. Davidson were named joint book-running managers.
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