CS Disco Selling Shareholders Offload $292M Stock Via Equity Offering


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  • CS Disco Inc (NYSE:LAW) priced 5.5 million shares by selling shareholders at $53 per share to raise $291.5 million in a secondary public offering.
  • The offer price implies a 0.4% discount to CS Disco's September 14 closing price of $53.23. The company's stock declined 7% yesterday, after the announcement about the stock sale.
  • The underwriters have a 30-day option to purchase additional shares up to 0.55 million.
  • CS Disco will not receive any proceeds from the share sale.
  • Price Action: LAW shares closed lower by 7.36% at $53.23 on Tuesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsOfferingsTechBriefs