Yeti Holdings Inc. announced the commencement of an underwritten public offering of 15 million shares of Yeti’s common stock by certain of its stockholders.
In connection with the offering, the selling stockholders intend to grant to the underwriter a 30-day option to purchase up to an additional 2.25 million shares of Yeti’s common stock. 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.
BofA Securities is acting as sole underwriter for the offering.
Photo courtesy Yeti
