Press release
Consensus Cloud Solutions, Inc. Announces Pricing of Secondary Offering of 500,000 Shares Held by Ziff Davis
LOS ANGELES--(BUSINESS WIRE)-- Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) (the “Company” or “Consensus”) announced today the pricing of an underwritten
About this update from Consensus Cloud Solutions, Inc.
[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nConsensus Cloud Solutions, Inc. (NASDAQ: CCSI) (the “Company” or “Consensus”) announced today the pricing of an underwritten offering of 500,000 shares of its common stock currently owned by Ziff Davis, Inc. (“Ziff Davis”), Consensus’s former parent company at a price of $46.00 per share (before underwriting discounts and commissions). Consensus is not selling any shares and will not receive any proceeds from the sale of the shares in the offering and will not receive any proceeds from the debt-for-equity exchange (as described below).\n\nPrior to the closing of the offering, Ziff Davis intends to exchange 500,000 shares of Consensus common stock for indebtedness of Ziff Davis that will be owned by Citicorp North America, Inc. Citicorp North America, Inc., as the selling stockholder in the offering, intends to sell these shares of Consensus common stock to the underwriter in connection with the public offering. The offering is expected to close on September 19, 2022.\n\nCitigroup Global Markets Inc. is acting as the sole book-runner and underwriter for the offering.\n\nThe Company has filed a shelf registration statement (including a prospectus) on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. The registration was declared effective on June 9, 2022. Before you invest, you should read the base prospectus in that registration statement, the accompanying prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying base prospectus relating to the offering, when available, may be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at 800-831-9146.\n\nThis press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n\nAbout Cons...