Sovos Brands Prices Stockholders' Equity Offering At 4.8% Discount


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  • Sovos Brands Inc (NASDAQ:SOVO) has priced an underwritten secondary public offering of 8.5 million shares by certain stockholders at $14.00 per share.
  • The offer price represents a 4.8% discount on the company’s closing price on August 10, 2022.
  • The offering consists entirely of secondary shares to be sold by the selling stockholders, who will receive all of the proceeds.
  • The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1.3 million shares at the public offering price.
  • The offering is expected to close on August 15, 2022.
  • Price Action: SOVO shares are trading lower by 1.56% at $14.47 in premarket on the last check Thursday.

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: NewsOfferingsSmall CapBriefs