MediaAlpha Announces Closing of Secondary Offering by White Mountains Insurance Group and Insignia Capital Group
2024年5月10日 - 9:55PM
MediaAlpha, Inc. (“MediaAlpha”) (NYSE: MAX) today announced the
closing of the previously announced underwritten secondary public
offering of 7,590,000 shares of its Class A common stock by certain
selling stockholders affiliated with White Mountains Insurance
Group and Insignia Capital Group (the “Selling Stockholders”) at an
offering price of $19.00 per share (before discounts and
commissions), which included 990,000 shares of Class A common stock
sold pursuant to the option granted by the Selling Stockholders to
the underwriters. MediaAlpha did not sell any shares of Class A
common stock in and did not receive any proceeds from the offering.
J.P. Morgan and Goldman Sachs & Co. LLC are
acting as joint bookrunners and representatives for the offering.
BofA Securities, Canaccord Genuity, William Blair, BMO Capital
Markets and Keefe, Bruyette & Woods, A Stifel
Company 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 final
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 final 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 final 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 final 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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MediaAlpha (NYSE:MAX)
過去 株価チャート
から 6 2023 まで 6 2024