other material
confidence high
sentiment neutral
materiality 0.65
Verlinvest sells 5.75M Vita Coco shares at $23 in secondary; offering closed May 26
Vita Coco Company, Inc.
- Selling stockholder Verlinvest Beverages SA sold 5,000,000 shares at $23.00 each in underwritten public offering.
- Underwriters' over-allotment option for 750,000 additional shares was exercised in full, bringing total sold to 5,750,000 shares.
- Company receives no proceeds from the sale. Underwriters: BofA Securities, Evercore, Goldman Sachs.
- Offering closed on May 26, 2023; shares sold under a Form S-3 registration statement filed May 2, 2023.