other material
confidence high
sentiment neutral
materiality 0.70
Certara enters underwriting agreement for secondary offering of 7M shares by selling stockholders
Certara, Inc.
- 7,000,000 shares of common stock offered by selling stockholders; underwriters have 30-day option for 1,050,000 additional shares.
- Company will not receive any proceeds from the offering; all shares are sold by existing stockholders.
- Offering expected to close on August 16, 2022, subject to customary conditions.
- Underwriting agreement with Morgan Stanley & Co. LLC as sole underwriter.