Torrid Holdings Reports Pricing Of Previously Announced Public Offering Of 8M Shares At $4.00 Per Share To Be Sold By Certain Stockholders
Portfolio Pulse from Benzinga Newsdesk
Torrid Holdings announced the pricing of a public offering of 8 million shares at $4.00 per share, to be sold by certain stockholders. The offering is expected to close on September 13, 2024. Torrid will not receive any proceeds from this sale.
September 12, 2024 | 10:31 am
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Torrid Holdings (CURV) is conducting a public offering of 8 million shares at $4.00 per share, sold by existing stockholders. The company will not receive proceeds from this sale.
The sale of 8 million shares by existing stockholders at a set price may lead to a short-term decrease in CURV's stock price due to increased supply in the market. The fact that Torrid will not receive any proceeds from this sale could also be seen as a negative by investors.
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