other material
confidence high
sentiment neutral
materiality 0.65
Torrid Holdings selling stockholders offer 8M shares at $4 per share; company gets no proceeds
Torrid Holdings Inc.
- Selling stockholders offered 8,000,000 shares at $4.00 per share; underwriters can buy up to 1,200,000 additional shares.
- Company did not sell any shares and will not receive any proceeds from the Offering.
- Offering closed on September 13, 2024; underwriters include BofA Securities, Goldman Sachs, Jefferies, and William Blair.
- Shares sold under existing S-3 registration statement (No. 333-277148) declared effective March 1, 2024.
- Underwriting agreement contains customary representations, indemnification, and closing conditions.