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Rush Street Interactive Announces Launch of Proposed Secondary Offering of Class A Common Stock by Selling Stockholders and Concurrent Repurchase of Shares
Board of Directors Approves $100 Million Share Repurchase ProgramCHICAGO, May 05, 2026 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced the commencement of an underwritten secondary public offering of its Class A common stock by one or more trusts beneficially owned by Neil Bluhm, RSI’s Executive Chairman, Richard Schwartz, RSI’s Chief Executive Officer, and
About this update from Rush Street Interactive, Inc.
[{"type":"text","content":"Board of Directors Approves $100 Million Share Repurchase Program","length":65,"tagName":"p"},{"type":"text","content":"CHICAGO, May 05, 2026 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced the commencement of an underwritten secondary public offering of its Class A common stock by one or more trusts beneficially owned by Neil Bluhm, RSI’s Executive Chairman, Richard Schwartz, RSI’s Chief Executive Officer, and Mattias Stetz, RSI’s Chief Operating Officer (the “Selling Stockholders”). The Selling Stockholders are offering 10,000,000 shares of RSI’s Class A common stock pursuant to a registration statement on Form S-3 (the “Registration Statement”) filed with the Securities and Exchange Commission (the “SEC”). The Selling Stockholders are each offering less than 10% of their respective currently owned RSI stock. The Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of RSI’s Class A common stock from the Selling Stockholders. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed. Each underwriter proposes to offer the Class A common stock to the public at a fixed price, which may be changed at any time without notice.","length":1297,"tagName":"p"},{"type":"text","content":"The Selling Stockholders are offering these shares for personal financial planning and estate planning purposes. Upon completion of the offering, Neil Bluhm and trusts and other entities beneficially owned by him will continue to own over 40% of RSI’s stock, remaining RSI’s largest shareholder by a significant margin, and will continue to serve as Executive Chairman of RSI’s Board of Directors.","length":397,"tagName":"p"},{"type":"text","content":"RSI is not offering any shares of Class A common stock in this offering and will not receive any proceeds from the sale of shares by the Selling Stockholders, but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions.","length":278,"tagName":"p"},{"type":"text","content":"Wells Fargo Securities and Morgan Stanley are acting as joint book-running managers and representatives of th...