Holley Reveals Upsizing, Pricing Of Equity Offering By Selling Shareholder

by Shivani Kumaresan, Benzinga Staff Writer

April 21, 2022 5:58 AM | 1 min read |

Holley Inc HLLY has upsized its previously announced secondary offering by the selling shareholder, Holley Parent Holdings LLC, to 8 million shares.
The total number of shares offered was increased by 1.50 million shares from the previously announced 6.50 million shares.
The company has priced the offering at $12.00 per share, a 3.5% discount from the closing price on April 20.
The selling stockholder has granted the underwriters a thirty-day option to purchase up to 1.2 million additional shares of common stock.
No shares are being sold by the company. The offering is expected to close on April 25, 2022.
Price Action: HLLY shares are trading lower by 0.16% at $12.42 in premarket on the last check Thursday.