other material
confidence high
sentiment neutral
materiality 0.60
Zeta Global closes $242M equity offering including primary and secondary shares at $23.50
Zeta Global Holdings Corp.
- Company issued 10.3M new shares ($242.2M gross) including 1.58M over-allotment shares.
- Selling stockholder GPI Capital sold 4.9M shares; company receives no proceeds from those sales.
- Offering closed Sep 6, 2024; net proceeds for general corporate purposes and possible acquisitions.
- Underwriters include Morgan Stanley and Goldman Sachs; underwriting agreement contains customary terms.