Sovos Brands 8.5M share secondary priced at $14.00
Aug. 11, 2022 3:30 AM ETSovos Brands, Inc. (SOVO)By: Meghavi Singh, SA News Editor
- Sovos Brands (NASDAQ:SOVO) has priced an underwritten secondary public offering by certain stockholders of Sovos Brands of 8.5M shares of Sovos Brands’ common stock, par value $0.001/share at a price of $14.00/share.
- Offering is expected to close on August 15, 2022.
- The offering consists entirely of secondary shares to be sold by the Selling Stockholders.
- The selling stockholders will receive all of the proceeds from the offering.
- Underwriters are granted a 30-day option to purchase up to an additional 1,275,000 shares of common stock at the public offering price.
- Earlier, Sovos Brands falls aftermarket on secondary stock offering.