Crocs, Inc. (NASDAQ: CROX) announced today the pricing of an underwritten secondary public offering of 8,290,000 shares of its common stock by certain of its stockholders at a public offering price of $27.66. The underwriters have a 30-day option to purchase up to an additional 1,243,500 shares of common stock from certain stockholders to cover over-allotments, if any. All of the shares will be sold by stockholders of Crocs, and, as a result, Crocs will not receive any of the proceeds from the offering. Piper Jaffray and Thomas Weisel Partners LLC are serving as joint book runners with Cowen and Company, BB&T Capital Markets, D.A. Davidson & Co. and Wedbush Morgan Securities serving as co-managers for the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement. A copy of the final prospectus related to this offering may be obtained by calling the Prospectus Department at Piper Jaffray, 800 Nicollet Mall, Minneapolis, MN 55402 toll-free at (877) 371-5212. About Crocs, Inc. Crocs, Inc. is a rapidly growing designer, manufacturer and marketer of footwear for men, women and children under the crocs brand. All of our footwear products incorporate our proprietary closed-cell resin material, which we believe represents a substantial innovation in footwear comfort and functionality. Our proprietary closed-cell resin, which we refer to as croslite(TM) enables us to produce a soft and lightweight, non-marking, slip- and odor-resistant shoe. These unique properties make crocs footwear ideal for casual wear, as well as for recreational uses such as boating, hiking, fishing and gardening, and have enabled us to successfully market our products to a broad range of consumers. Forward Looking Statements Certain information contained in this press release may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, our ability to obtain and protect intellectual property rights and other factors described in our annual report on Form 10-K under the heading "Risk Factors," and our subsequent filings with the Securities and Exchange Commission. Readers are encouraged to review that section and all other disclosures appearing in our filings with the Securities and Exchange Commission.
Crocs (NASDAQ:CROX)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Crocs Charts.
Crocs (NASDAQ:CROX)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Crocs Charts.