Abacus Life Announces Closing of Public Offering of 11,500,000 Shares of Common Stock
Abacus Life, Inc. - Class A (ABL)
Company Research
Source: GlobeNewswire
ORLANDO, Fla., June 24, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, today announced the closing of its oversubscribed underwritten public offering of 11,500,000 shares of its common stock, including the exercise in full by the underwriters of their option to purchase an additional 1,500,000 shares of common stock, at the public offering price of $8.00 per share. The gross proceeds raised in the offering, before underwriting discounts and commissions and estimated expenses of the offering, were approximately $92 million. Abacus intends to use net proceeds for its operations, including the purchase of life settlement policies, to support its overall business strategy, for working capital purposes and for general corporate purposes, which may include repayment and refinancing of its indebtedness. Piper Sandler & Co., TD Securities (USA) LLC, B. Riley Se
Show less
Read more
Impact Snapshot
Event Time:
ABL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ABL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ABL alerts
High impacting Abacus Life, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
ABL
News
- Abacus Life, Inc. (NASDAQ: ABL) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $12.00 price target on the stock.MarketBeat
- Abacus Life, Inc. (NASDAQ: ABL) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $12.00 price target on the stock.MarketBeat
- Abacus Life Announces Closing of Public Offering of 11,500,000 Shares of Common Stock [Yahoo! Finance]Yahoo! Finance
- Abacus Life, Inc. (NASDAQ: ABL) had its price target lowered by analysts at B. Riley Financial, Inc. from $16.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- Abacus Life, Inc. (NASDAQ: ABL) had its "buy" rating re-affirmed by analysts at B. Riley. They now have a $15.00 price target on the stock, down previously from $16.00.MarketBeat
ABL
Sec Filings
- 6/28/24 - Form S-8
- 6/24/24 - Form 8-K
- 6/21/24 - Form 424B1
- ABL's page on the SEC website