other material
confidence high
sentiment neutral
materiality 0.65
Tecnoglass completes secondary offering of 2.3M shares at $43/share by Daes family entity
Tecnoglass Inc.
- Selling Securityholder ENERGY HOLDING CORPORATION (controlled by CEO Jose Daes and COO Christian Daes) sold 2,000,000 firm shares plus 300,000 option shares at $43.00 per share.
- Company received no proceeds from the offering; all proceeds went to the Selling Securityholder.
- Underwriters exercised over-allotment option in full on May 18, and offering closed on May 19, 2023.
- Lead joint book-running managers: Robert W. Baird, Raymond James, Stifel; co-managers: B. Riley Securities and D.A. Davidson.