Abacus Life Announces Proposed Public Offering of Common Stock [Yahoo! Finance]
Abacus Life, Inc. - Class A (ABL)
Company Research
Source: Yahoo! Finance
specializing in longevity and actuarial technology, today announced that it has commenced an underwritten public offering of 10,000,000 shares of its common stock. In connection with the offering, Abacus intends to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock at the public offering price. All of the shares in the public offering are to be sold by Abacus. 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. The offering is subject to general market conditions, and there can be no assurances as to whether or when the offering may be completed, or as to the size or terms of the offering. Piper Sandler & Co., TD Securities (USA) LLC, B. Riley Securities, Inc. and KKR Capital Markets LLC are acting as jo
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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 Announces Closing of Public Offering of 11,500,000 Shares of Common StockGlobeNewswire
- 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
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