Solo Brands repurchases 627,286 shares from NB entities at $5.00 per share

Solo Brands, Inc.

Repurchased 627,286 shares of Class A common stock at $5.00/share from affiliates of Neuberger Berman.
Total consideration of ~$3.14 million paid in cash; closing occurred on July 14, 2023.
Sellers include NB Select Opps II MHF LP, NB Crossroads Private Markets Fund V Holdings LP, among others.
Repurchase executed under Stock Purchase Agreement between Solo Brands and the selling stockholders.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Solo Brands, Inc. entered into Stock Purchase Agreement with certain selling stockholders (effective 2023-07-12).

Action: entry
Agreement: equity purchase
Counterparty: certain selling stockholders
Effective: 2023-07-12

Exact text from the filing

On July 12, 2023, Solo Brands, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with certain selling stockholders listed therein (the “Selling Stockholders”). Pursuant to the Purchase Agreement, the Company repurchased 627,286 shares of the Company’s Class A common stock, par value $0.001 per share (the “Class A Common Stock”) from the Selling Stockholders in a private transaction, at $5.00 per share.

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Solo Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001870600-23-000034

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