Abacus Life Announces Proposed 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 leveraging longevity and actuarial technology to offer uncorrelated investment opportunities, today announced the commencement of an underwritten public offering of 12,500,000 shares of its common stock, including 10,000,000 shares of common stock to be sold by the Company and 2,500,000 to be sold by certain stockholders of the Company (the “Selling Stockholders”). The Company and the Selling Stockholders also expect to grant 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. Abacus intends to use net proceeds of the primary portion of the offering for its operations, including the purchase of life settlement policies, to support its overall business strategy, for work
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News
- Abacus Life Announces Pricing of 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