MediaAlpha Files Registration Statement for Secondary Offering
March 16 2021 - 4:12PM
Business Wire
MediaAlpha, Inc. (“MediaAlpha”) (NYSE: MAX) today announced that
it publicly filed a registration statement on Form S-1 with the
U.S. Securities and Exchange Commission (“SEC”) relating to a
proposed secondary offering of up to 7,000,000 shares (not
including shares subject to the underwriters’ option to purchase
additional shares) of its Class A common stock by certain selling
stockholders.
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, or as to the actual
size or terms of the offering.
J.P. Morgan, Citigroup, Credit Suisse, and RBC Capital Markets
are acting as joint bookrunners. Canaccord Genuity and William
Blair are acting as bookrunners. JMP Securities and Keefe, Bruyette
& Woods are acting as co-managers.
The proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus, when available,
may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
by email at prospectus-eq_fi@jpmorgan.com or by telephone at (866)
803-9204; or Citigroup Global Markets Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
by telephone at (800) 831-9146.
A registration statement on Form S-1 relating to the proposed
sale of these securities has been filed with the SEC but has not
yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration
statement becomes effective. Copies of the registration statement
can be accessed through the SEC’s website at www.sec.gov.
In connection with this offering, J.P. Morgan and Citigroup, as
representatives of the several underwriters in MediaAlpha’s initial
public offering, have agreed to waive the transfer restrictions
under the lock-up agreements that were executed in connection with
the initial public offering with respect to the shares of Class A
common stock being offered by the selling stockholders, which
includes shares beneficially owned by certain of MediaAlpha’s
directors or entities with which they are affiliated, provided that
the waiver of transfer restrictions is limited to the shares
actually sold in this offering.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210316006033/en/
Investors Denise Garcia Hayflower Partners
Denise@HayflowerPartners.com Press SHIFT
MediaAlpha@SHIFTComm.com
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