Hamilton Lane closes $201.7M net proceeds from 1.87M share public offering at $108/share

Hamilton Lane INC

Company issued 1,867,322 shares; selling stockholder sold 55,000 shares; total 1,922,322 shares at $108.00 per share.
Company net proceeds of $201.7 million; selling stockholder net proceeds of $5.9 million.
Proceeds to be used to settle cash exchanges of membership units in Hamilton Lane Advisors, L.L.C.
Underwriting agreement with Morgan Stanley includes customary lock-up for 60 days after March 4, 2024.
Offering closed on March 7, 2024.

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