Groupon launches $80M fully backstopped rights offering at $11.30/share

Groupon, Inc.

Rights offering of up to $80M gross proceeds; subscription price $11.30 per share.
Record date Nov 20, 2023; expiration Jan 17, 2024.
Fully backstopped by Pale Fire Capital SICAV a.s., affiliated with CEO Dusan Senkypl and director Jan Barta.
Proceeds to be used for general corporate purposes, potentially including debt repayment.
Credit agreement amendment provides flexibility for the rights offering, including changes to change-of-control definition and restricted payment covenant.

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