Stagwell selling stockholders complete 16M share secondary offering at $6.75

Stagwell Inc

Selling stockholders affiliated with Stagwell Group and Goldman Sachs sold 16,000,000 shares of Class A common stock at $6.75 per share.
Underwriters granted 30-day option to purchase up to an additional 2,400,000 shares at same price less discounts.
Company did not sell any shares and will not receive any proceeds from the offering.
Offering conducted under existing shelf registration; Underwriting Agreement filed as Exhibit 1.1.

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