Abacus Life Announces Closing of Public Offering of 12,500,000 Shares of Common Stock
Abacus Life, Inc. - Class A (ABL)
Company Research
Source: GlobeNewswire
ORLANDO, Fla., Nov. 25, 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 12,500,000 shares of its common stock, consisting of 10,000,000 shares of its common stock sold by the Company and 2,500,000 shares of common stock sold by certain stockholders of the Company (the “Selling Stockholders”) 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 $100 million, of which approximately $80 million was raised in the primary offering by the Company and approximately $20 million was paid in connection with the sale of shares by the Selling Stockholders. Abacus intends to use net proceeds that it receives for its operations, including the purc
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ABL
News
- Abacus Life, Inc. (NASDAQ: ABL) had its price target raised by analysts at B. Riley from $16.00 to $17.00. They now have a "buy" rating on the stock.MarketBeat
- Abacus Life Announces Pricing of Public Offering of Common StockGlobeNewswire
- Abacus Life Announces Proposed Public Offering of Common StockGlobeNewswire
- Abacus Life Inc (ABL) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Abacus Life, Inc. (NASDAQ: ABL) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $13.00 price target on the stock, up previously from $12.00.MarketBeat
ABL
Earnings
- 11/7/24 - Beat
ABL
Sec Filings
- 11/25/24 - Form 4
- 11/25/24 - Form 4
- 11/25/24 - Form 4
- ABL's page on the SEC website