MeridianLink (MLNK) has released an update to notify the public and investors about an entry into a material definitive agreement.
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MeridianLink, Inc. has partnered with Citigroup Global Markets Inc. and J.P. Morgan Securities LLC to sell over 6.9 million shares of common stock at $18.2875 each, with a public offering price of $19.00 per share. The company also plans to repurchase approximately $44 million worth of stock and has granted the underwriters an option to buy an additional 675,000 shares. This financial move, which is expected to close by February 9, 2024, is part of a broader registered offering under the Securities Act. Notably, the company will not gain any proceeds from the stock sold by the selling shareholders.
For further insights into MLNK stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
