other material
confidence high
sentiment positive
materiality 0.70
GoodRx to repurchase 12M shares from Spectrum Equity at $5.47, a 5% discount
GoodRx Holdings, Inc.
- Repurchasing 12,000,000 Class A shares from Spectrum at $5.47 per share, a ~5% discount to Nov. 20 close of $5.76.
- Total purchase price of ~$65.6 million; about $53.5 million remains under existing $250M buyback program.
- Closing expected on or about November 27, 2023, subject to customary conditions.
- Spectrum and affiliates agree to 90-day lock-up on further sales of Company securities.