Karooooo Ltd. Announces Termination of Secondary Public Offering of Ordinary Shares Due to Market Conditions [Yahoo! Finance]
Karooooo Ltd. - Ordinary shares (KARO)
Company Research
Source: Yahoo! Finance
Chief Executive Officer, has terminated the underwritten secondary public offering (the "Offering") of ordinary shares previously announced on July 24, 2024. Though the proposed Offering, which was undertaken by the Selling Shareholder with the goal of improving liquidity for investors, was met with significant investor interest and an oversubscription of demand, the Selling Shareholder determined that recent changes in market conditions and the resulting impact on the share price made it inappropriate to proceed with the Offering at the current time. As a result of such termination, no ordinary shares of Karooooo will be sold pursuant to the Offering. However, the Selling Shareholder retains flexibility under Karooooo's Registration Statement on Form F-3 to conduct an offering in the future when market conditions are more favorable. About Karooooo Karooooo, headquartered in Singapore, is a leading global software provider in the telematics industry that offers real-time mobility
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News
- Karooooo Ltd.'s (NASDAQ:KARO) most bullish insider, CEO Isaias Jose Calisto must be pleased with the recent 5.9% gain [Yahoo! Finance]Yahoo! Finance
- Is Now The Time To Look At Buying Karooooo Ltd. (NASDAQ:KARO)? [Yahoo! Finance]Yahoo! Finance
- Karooooo Ltd. Announces Termination of Secondary Public Offering of Ordinary Shares Due to Market ConditionsBusiness Wire
- Karooooo Ltd. Announces Launch of Secondary Public Offering of Ordinary Shares [Yahoo! Finance]Yahoo! Finance
- Karooooo Ltd. Announces Launch of Secondary Public Offering of Ordinary SharesBusiness Wire
KARO
Earnings
- 7/18/24 - Beat
KARO
Sec Filings
- 8/29/24 - Form 6-K
- 8/27/24 - Form SC
- 8/13/24 - Form 6-K
- KARO's page on the SEC website