Ecovyst announces secondary offering of 13M shares by selling stockholders; to repurchase 6.5M shares

Ecovyst Inc.

Selling stockholders offer 13M shares at $8.35625 per share; underwriters have 30-day option for additional 1.95M shares.
Company to repurchase 6.5M shares from underwriters for $54.3M, funded with cash on hand.
Offering expected to close on or about August 8, 2022.
Net increase in shares outstanding of 6.5M (excluding over-allotment) as company repurchases half of offering.

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