YETI Announces Launch of Secondary Offering of Shares of Common Stock by Selling Stockholders
May 11 2020 - 6:13AM
Business Wire
YETI Holdings, Inc. (“YETI”) (NYSE: YETI) announced today the
commencement of an underwritten public offering (the “Offering”) of
15,000,000 shares of YETI’s common stock by certain of its
stockholders. YETI is not offering any shares of its common stock
in the Offering and will not receive any proceeds from the sale of
shares in the Offering.
Goldman Sachs & Co. LLC is acting as sole underwriter for
the Offering.
YETI has filed a shelf registration statement on Form S-3
relating to the Offering (including a prospectus) with the
Securities and Exchange Commission (the “SEC”) that has become
effective. A preliminary prospectus supplement relating to the
Offering will also be filed with the SEC. Before you invest, you
should read the prospectus, the preliminary prospectus supplement
and any other documents that YETI may file with the SEC for more
complete information about the Company and this Offering. A copy of
the preliminary prospectus supplement and accompanying prospectus
relating to the Offering may be obtained by using EDGAR on the SEC
website at www.sec.gov or by contacting: Goldman Sachs & Co.
LLC, Attention: Prospectus Department, 200 West Street, New York,
New York 10282, by telephone at 1-866-471-2526 or by emailing
prospectus-ny@ny.email.gs.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
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.
About YETI Holdings, Inc.
Headquartered in Austin, Texas, YETI is a global designer,
retailer, and distributor of innovative outdoor products. From
coolers and drinkware to backpacks and bags, YETI products are
built to meet the unique and varying needs of diverse outdoor
pursuits, whether in the remote wilderness, at the beach, or
anywhere life takes our customers. By consistently delivering
high-performing, exceptional products, we have built a strong
following of brand loyalists throughout the world, ranging from
serious outdoor enthusiasts to individuals who simply value
products of uncompromising quality and design. We have an
unwavering commitment to outdoor and recreation communities, and we
are relentless in our pursuit of building superior products for
people to confidently enjoy life outdoors and beyond.
Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995, as amended. All statements other than statements of
historical or current fact included in this press release are
forward-looking statements. Forward-looking statements include
statements concerning the conduct of the Offering and the size and
terms of the Offering. Forward-looking statements are subject to a
number of risks and uncertainties, many of which involve factors or
circumstances that are beyond YETI’s control, including, without
limitation, risks and uncertainties related to market conditions,
that the size of the Offering could change or the Offering could be
terminated, and the satisfaction of customary closing conditions
related to the 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 in YETI’s Annual
Report on Form 10-K for the year ended December 28, 2019 and YETI’s
Quarterly Report on Form 10-Q for the quarter ended March 28, 2020,
and in the registration statement on Form S-3 related to the shares
filed with the SEC. The forward-looking statements included in this
press release should not be unduly relied upon, represent YETI’s
views only as of the date of this press release and do not
represent YETI’s views as of any subsequent date. YETI undertakes
no intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
changes in YETI’s expectations or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200511005432/en/
Investor Relations Contact: Tom Shaw, 512-271-6332
Investor.relations@yeti.com
Media Contact: YETI Holdings, Inc. Media Hotline
Media@yeti.com
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