Business
Corsair Gaming, Inc. Launches Public Offering of Common Stock
MILPITAS, Calif.--(BUSINESS WIRE)-- Corsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair”), a leading global provider and innovator of high-performance gear for
About this update from Corsair Gaming, Inc.
[{"type":"text","content":" MILPITAS, Calif.--(BUSINESS WIRE)--\nCorsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair”), a leading global provider and innovator of high-performance gear for gamers and content creators, announced today that it has launched an underwritten public offering of $75.0 million of its shares of common stock. All of the shares of common stock are being offered by Corsair. In addition, Corsair intends to grant the underwriters a 30-day option to purchase up to an additional $11.25 million of its shares of common stock. Corsair currently intends to use the net proceeds that it will receive from the offering for general corporate purposes. The offering is subject to market and other conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to the actual size or terms of the offering.\n\nGoldman Sachs & Co. LLC is acting as sole book-running manager for the offering.\n\nCorsair Group (Cayman), LP (“EagleTree”), which owns a majority of our outstanding shares and through its general partner is managed by affiliates of EagleTree Capital, LP, has indicated its interest to purchase up to $40.0 million of shares of our common stock in this offering at the same price and on the same terms as the other purchasers in this offering. Because this indication of interest is not a binding agreement or commitment to purchase, EagleTree may purchase more, fewer, or no shares in the offering or the underwriters and the company could determine to sell more, less or no shares to EagleTree.\n\nA registration statement relating to the shares to be sold in the proposed offering has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and was declared effective on August 1, 2022. This offering will be made only by means of a prospectus. A copy of the preliminary prospectus supplement and the accompanying prospectus relating to this offering, when available, may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, a copy of the preliminary prospectus supplement and the accompanying prospectus relating to this offering, when available, may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526 or by e-mail at [email protected].\n\nThis press release shall not consti...