Agilysys Announces Pricing Of Secondary Offering Of 867,729 Common Shares By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Agilysys, Inc. (NASDAQ:AGYS), a global provider of hospitality software solutions, announced the pricing of a secondary offering of 867,729 shares by MAK Capital managed funds, totaling $72.7 million in gross proceeds for the sellers. Agilysys will not sell any shares nor receive proceeds from this offering, which is expected to close on February 20, 2024.
February 15, 2024 | 7:48 am
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Agilysys announced a secondary offering of 867,729 shares by MAK Capital managed funds, with no proceeds going to Agilysys. The offering is set to close on February 20, 2024.
The secondary offering of shares by MAK Capital managed funds does not directly impact Agilysys's financial position, as the company is not selling any shares nor receiving any proceeds from the sale. However, the offering could influence investor perception and potentially the stock's market performance in the short term, depending on market reaction to the increase in available shares.
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