Torrid announces 10M-share secondary offering at $3.50 and $20M repurchase from Sycamore

Torrid Holdings Inc.

Selling stockholders sold 10,000,000 shares (plus 1,500,000 option) at $3.50/share in secondary offering.
Company concurrently repurchased $20 million of shares from Sycamore Partners Torrid at same $3.50/share price.
Offering and repurchase closed on June 26, 2025; company will not receive any proceeds from secondary offering.
Underwriters: BofA Securities, Jefferies, William Blair & Company; board approved repurchase on audit committee recommendation.

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