other material
confidence high
sentiment neutral
materiality 0.50
Hamilton Lane prices registered public offering of 671,737 shares at $76.41, net proceeds $43.7M
Hamilton Lane INC
- Company sold 571,737 shares of Class A common stock; selling stockholder sold 100,000 shares.
- Net proceeds to company of $43.7M; to selling stockholder of $7.6M from the offering.
- Proceeds to be used to settle cash exchanges of membership units in Hamilton Lane Advisors.
- 75-day lock-up on additional share sales without written consent of BofA Securities.
- Offering closed on March 9, 2023; underwriter is BofA Securities, Inc.