secwatch.observer — SEC 8-K summary
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Issuer:     Holley Inc. (HLLY)
CIK:        0001822928
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0000950170-22-005816
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Holley reports preliminary Q1 net sales $199-200M, net income $16-17M; launches secondary offering of 6.5M shares
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- Preliminary Net Sales of $199M-$200M, Gross Profit $81M-$82M, Net Income $16M-$17M, Adjusted EBITDA $45M-$46M.
- Secondary offering of 6,500,000 shares by selling stockholder Holley Parent Holdings, LLC; underwriters have 30-day option for 975,000 additional shares.
- Company will receive no proceeds from the secondary offering; selling stockholder gets all net proceeds.
- Jefferies, J.P. Morgan and BofA Securities are lead book-running managers for the offering.
- Preliminary results are unaudited and subject to completion of financial closing procedures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822928/000095017022005816/0000950170-22-005816-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822928/000095017022005816/hlly-20220419.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-005816

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