other material
confidence high
sentiment neutral
materiality 0.70
Solo Brands announces secondary offering of 11.3M shares and concurrent repurchase of 5.6M shares
Solo Brands, Inc.
- Selling stockholders offer 11,304,348 shares; underwriters have 30-day option for additional 1,695,652 shares.
- Company to repurchase 5,605,509 shares from selling stockholders in private transaction contingent on offering.
- Company will not receive any proceeds from the secondary offering.
- FY2022 net sales $517.6M, net loss $7.6M; adjusted EBITDA $87.6M (16.9% margin).
- Q1 2023 net sales $88.2M, net income $0.9M; adjusted EBITDA $15.4M (17.4% margin).