CPI Card Group stockholders price secondary offering of 2,337,323 shares at USD 21.5 each
PMTS•Secondary offering priced by selling stockholders
CPI Card Group said a registered underwritten secondary public offering of 2,337,323 common shares has been priced at USD 21.5 each.
Selling stockholders affiliated with Parallel49 Equity will sell the shares. CPI will not sell any stock or receive any proceeds from the offering.
Gross proceeds to the selling stockholders are expected to be about USD 50.3 million, excluding any exercise of the underwriters’ overallotment option.
The underwriters have a 30-day option to buy up to 350,598 additional shares at the offering price, less discounts.
Closing is expected on or about Sept. 14, 2026, subject to customary conditions.
