Tilly’s Inc. announced that, subject to market conditions, certain selling stockholders, including entities affiliated with Hezy Shaked and Tilly Levine, intend to offer 8.1 million shares of the company’s Class A common stock in a registered public offering.
The underwriters will have a 30-day option to purchase up to an additional 1,215,000 shares of common stock from the selling stockholders. The company will not sell any shares in this offering or receive any portion of the proceeds from this offering.
BofA Merrill Lynch is acting as sole book-running manager for the proposed offering. B. Riley FBR and Roth Capital Partners are acting as co-managers for the proposed offering.
