Holley gains after pricing upsized secondary offering
21/04/2022 12:06
** Holley Inc's HLLY.N shares up 3.9% at $12.93 premarket
after auto parts supplier prices secondary offering
** Co late Weds announced 8 mln shares by selling
stockholder at $12 urn:newsml:reuters.com:*:nBw9lrvMda
** Seller is private equity firm Sentinel Capital Partners,
which would reduce its holdings to ~53.5 mln shares, or 45%
stake, if full overallotment is exercised, per prospectus filing
https://www.sec.gov/Archives/edgar/data/1822928/000119312522112015/d333032d424b3.htm#stx333032_6
** Jefferies, JP Morgan and BofA lead bookrunners for
offering
** Shares on Weds fell 10.3% to $12.44 after co launched
offering urn:newsml:reuters.com:*:nL2N2WI164
** Stock up ~30% since HLLY debuted last Jul after
completing SPAC merger urn:newsml:reuters.com:*:nL4N2LA31E
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))