Amentum sets price for secondary offering
Amentum Holdings, Inc. (NYSE: AMTM) divulged the pricing for the secondary underwritten public offering that was previously announced. This offering will involve 10,000,000 shares of Amentum’s Class A common stock and will be sold by an affiliate of the company, referred to as “Selling Stockholder.” The public offering price is set at $4.75 per share.
The underwriters for the public offering have been granted a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock from the Selling Stockholder. This option allows the underwriters to potentially increase the size of the offering, should there be enough demand from investors.
The net proceeds from the sale of the Class A common stock will be received entirely by the Selling Stockholder, and Amentum will not be acquiring any proceeds from the offering. The company’s Class A common stock is currently traded on the NYSE under the ticker symbol “AMTM.”
The public offering is subject to customary closing conditions. Amentum has not yet provided a specific date for the closing of the offering and indicates that it will be determined based on various factors. The company advises that you should not rely solely on the information provided in connection with this offering and that you should refer to the prospectus supplement for more information regarding the risks associated with an investment in Amentum’s Class A common stock.
Investors interested in purchasing shares of Amentum’s Class A common stock through this public offering are encouraged to contact the underwriters involved in the sale. The underwriters for this offering include BofA Securities, Inc., J.P. Morgan Securities LLC, Barclays Capital Inc., and Goldman Sachs & Co. LLC.
This secondary underwritten public offering is an important financial move for Amentum Holdings, Inc. It allows the Selling Stockholder to sell a significant number of shares of Class A common stock to the public, providing an opportunity for investors to acquire ownership in the company. The pricing of the offering at $4.75 per share reflects the valuation that the company and the underwriters have determined to be appropriate based on current market conditions.
Overall, Amentum’s public offering of Class A common stock is a strategic decision that will impact the company’s financial standing and potentially attract new investors to the firm. The success of this offering will be determined by the response from the investing public and the ultimate proceeds generated from the sale of the shares.
