LegalZoom Announces Secondary Offering of Shares of Common Stock
November 08 2023 - 4:44PM
LegalZoom.com, Inc. (Nasdaq: LZ) announced today that LucasZoom,
LLC, an affiliate of investment funds advised by Permira Advisers
LLC (the “Selling Stockholder”), intends to offer 15,099,993 shares
of LegalZoom’s common stock in an underwritten public offering (the
“Secondary Offering”).
LegalZoom is not offering any shares of its common stock in the
Secondary Offering and will not receive any proceeds from the sale
of shares of common stock in the Secondary Offering.
RBC Capital Markets is acting as sole underwriter for the
Secondary Offering. The underwriter may offer the common stock,
from time to time, for sale in one or more transactions on Nasdaq,
in the over-the-counter market, through negotiated transactions or
otherwise at market prices prevailing at the time of sale, at
prices related to prevailing market prices or at negotiated
prices.
LegalZoom has filed a registration statement on Form S-3
relating to the Secondary Offering (including a prospectus) with
the Securities and Exchange Commission (the “SEC”) that has become
effective. Before you invest, you should read the prospectus
included in the registration statement, the documents incorporated
by reference therein, the free writing prospectus and any other
documents that LegalZoom may file with the SEC for more complete
information about LegalZoom and the Secondary Offering. A copy of
the prospectus supplement and accompanying prospectus relating to
the Secondary Offering may be obtained, when available, by using
EDGAR on the SEC website at www.sec.gov or by contacting:
RBC Capital Markets, LLC, Attention: Equity Capital Markets, 200
Vesey Street, New York, NY 10281, by telephone at 877-822-4089 or
by email at equityprospectus@rbccm.com.
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
common stock 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 LegalZoom
LegalZoom is the leading online platform for business formation
in the United States. Driven by a mission to unleash
entrepreneurship, LegalZoom delivers comprehensive legal, tax and
compliance products and expertise for small business owners through
easy-to-use technology. From free business formations to business
management solutions and professional advisory services, LegalZoom
supports millions of small business owners and their families
throughout the entrepreneurial journey. Founded on the belief that
everyone should have affordable access to legal and financial
expertise, LegalZoom empowers entrepreneurs to make their dream a
reality.
Forward-Looking
Statements This press
release contains forward-looking statements. LegalZoom intends such
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in Section 27A
of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements other than statements of
historical facts contained in this press release may be
forward-looking statements. In some cases, you can identify
forward-looking statements by terms such as “may,” “will,”
“should,” “expects,” “plans,” “anticipates,” “could,” “intends,”
“targets,” “projects,” “contemplates,” “believes,” “estimates,”
“forecasts,” “predicts,” “potential” or “continue” or the negative
of these terms or other similar expressions. Forward-looking
statements contained in this press release include, but are not
limited to, statements concerning the conduct of the Secondary
Offering, the size and terms of the Secondary Offering.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond LegalZoom’s control, including, without limitation,
risks and uncertainties related to market conditions, that the size
of the Secondary Offering could change or the Secondary Offering
could be terminated, and the satisfaction of customary closing
conditions related to the Secondary Offering. Actual results could
differ materially from those stated or implied in forward-looking
statements due to a number of factors, including but not limited
to, risks detailed in the sections entitled “Risk Factors” and
elsewhere included in LegalZoom’s Quarterly Report on Form 10-Q for
the quarter ended September 30, 2023, filed with the SEC on
November 7, 2023, and the registration statement on Form S-3
related to the shares of common stock filed with the SEC on
September 6, 2023, as well as those in its subsequent filings with
the SEC. These forward-looking statements are inherently uncertain
and investors are cautioned not to unduly rely upon these
statements. LegalZoom qualifies all of its forward-looking
statements by these cautionary statements. Except as required by
applicable law, LegalZoom does not plan to publicly update or
revise any forward-looking statements contained in this press
release, whether as a result of any new information, future events
or otherwise.
ContactInvestor
Relationsinvestor@legalzoom.com
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