Business
Hillman Closes Secondary Offering of Common Stock by Selling Stockholders; Underwriters Fully Exercise Overallotment Option
CINCINNATI, March 03, 2023 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware products
About this update from Hillman Solutions Corp.
[{"type":"text","content":"CINCINNATI, March 03, 2023 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware products and merchandising solutions, today announced the closing of the previously announced underwritten public offering of shares of the Company’s common stock (the “Offering”) by certain stockholders of the Company (the “Selling Stockholders”). The aggregate size of the Offering was 28,750,000 shares of the Company’s common stock, including 3,750,000 shares of the Company’s common stock sold pursuant to full exercise of the underwriters’ option to purchase additional shares, at a price to the public of $8.00 per share. The Company did not receive any proceeds from the sale of the shares by the Selling Stockholders. Jefferies and Baird acted as lead book-running managers for the Offering. Stifel also acted as a joint book-running manager for the Offering. Raymond James, William Blair, The Benchmark Company, and CJS Securities acted as co-managers of the offering. The Offering was registered on a registration statement on Form S-3 (as converted by post-effective amendment) (Registration No. 333-258823) (including a base prospectus), which has been declared effective by the Securities and Exchange Commission (“SEC”) and was made only by means of a prospectus supplement and an accompanying prospectus. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained by contacting: Jefferies LLC, at Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, New York 10022, by telephone at 877-821-7388, or by email at [email protected] or Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI 53202, by telephone at 800-792-2473, or by email at [email protected]. This press release shall not constitute an offer to sell or the solicitation of an 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. About Hillman Solutions Corp.Founded in 1964 and headquartered in Cincinn...