Abacus Life Announces Pricing of Public Offering of Common Stock
Abacus Life, Inc. - Class A (ABL)
Company Research
Source: GlobeNewswire
ORLANDO, Fla., Nov. 21, 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 pricing of its underwritten public offering of 12,500,000 shares of its common stock, including 10,000,000 shares of common stock being offered by the Company and 2,500,000 shares of common stock being offered by certain stockholders of the Company (the “Selling Stockholders”), at a price to the public of $8.00 per share. In connection with the offering, the Company also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock from the Company and up to an additional 375,000 shares of common stock from the Selling Stockholders at the public offering price. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be approximately $100 million,
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ABL
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- 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
- Abacus Life Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Abacus Life Reports Third Quarter 2024 ResultsGlobeNewswire
ABL
Earnings
- 11/7/24 - Beat
ABL
Sec Filings
- 11/22/24 - Form 8-K
- 11/21/24 - Form 424B7
- 11/21/24 - Form 424B2
- ABL's page on the SEC website