other material
confidence high
sentiment positive
materiality 0.75
GoodRx repurchases 20.9M shares from Spectrum, Francisco Partners at $7.19, discount to $7.57 close
GoodRx Holdings, Inc.
- Repurchases 6,239,942 shares from Spectrum and 14,622,366 from Francisco Partners, total 20,862,308 shares.
- Price of $7.19 per share is 5% discount to $7.57 closing price on March 6, 2024.
- Total cost approximately $150M; about $299.6M remains under existing $450M buyback program.
- Spectrum and Francisco Partners agree not to trade shares until after Q1 2024 earnings release.
- Closing expected on or about March 11, 2024, subject to customary conditions.