MediaAlpha Announces Launch of Secondary Offering
07 Mayo 2024 - 3:18PM
MediaAlpha, Inc. (“MediaAlpha”) (NYSE: MAX) today announced the
launch of an underwritten secondary public offering of 6,000,000
shares of its Class A common stock by certain selling stockholders
(the “Selling Stockholders”). The Selling Stockholders have granted
the underwriters a 30-day option to purchase up to an additional
900,000 shares of Class A common stock.
MediaAlpha is not offering any shares of Class A common stock in
the offering. The Selling Stockholders will receive all of the
proceeds from the proposed offering. 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.
J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint
bookrunners and representatives for the offering. BofA Securities,
Canaccord Genuity, William Blair and BMO Capital Markets are acting
as bookrunners.
The issuer has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (the “SEC”)
for the offering to which this communication relates. A preliminary
prospectus supplement related to the offering has also been filed
with the SEC. Before you invest, you should read the prospectus in
that registration statement, the preliminary prospectus supplement
and other documents the issuer has filed with the SEC for more
complete information about the issuer and this offering. You may
get these documents for free by visiting EDGAR on the SEC website
at www.sec.gov. Copies of the preliminary prospectus supplement and
accompanying prospectus relating to the offering may be obtained
from J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by
telephone at 1-866-803-9204 or by email at
prospectus-eq_fi@jpmchase.com and Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, New
York 10282, by telephone at 1-866-471-2526, facsimile: 212-902-9316
or by email at prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, 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. Any offers, solicitations or offers to buy,
or any sales of securities will be made in accordance with the
registration requirements of the Securities Act of 1933, as
amended.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements reflect our current views
with respect to future events. These statements are often, but not
always, made through the use of words or phrases such as “may,”
“should,” “could,” “predict,” “potential,” “believe,” “will likely
result,” “expect,” “continue,” “will,” “anticipate,” “seek,”
“estimate,” “intend,” “plan,” “projection,” “would,” and “outlook,”
or the negative version of those words or other comparable words or
phrases of a future or forward-looking nature. These
forward-looking statements are based on current expectations,
estimates, beliefs and assumptions, many of which, by their nature,
are inherently uncertain and beyond our control. Accordingly, we
caution you that any such forward-looking statements are not
guarantees of the future and are subject to risks, assumptions and
uncertainties that are difficult to predict. Although we believe
that the expectations reflected in these forward-looking statements
are reasonable as of the date made, actual results may prove to be
materially different from the results expressed or implied by the
forward-looking statements. There are or will be important factors
that could cause our actual results to differ materially from those
indicated in these forward-looking statements, including those more
fully described in MediaAlpha’s filings with the SEC, including
those set forth in the Risk Factors section of the registration
statement for the offering and the preliminary prospectus included
therein, as filed with the SEC. MediaAlpha disclaims any obligation
to update any forward-looking statements to reflect events or
circumstances that occur after the date of this press release,
except as required by law.
Contacts:InvestorsDenise
Garcia Hayflower PartnersDenise@HayflowerPartners.com
MediaAlpha (NYSE:MAX)
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