Solo Brands, Inc. (NYSE:DTC) (“Solo Brands” or the “Company”), an omni-channel platform of beloved brands Solo Stove, Chubbies, Oru Kayak, and ISLE, today announced the pricing of the underwritten public offering of 11,304,348 shares of Solo Brands’ Class A common stock by certain selling stockholders (the “Secondary Offering”), at a price to the public of $5.25 per share. The underwriters will also have a 30-day option to purchase up to an additional 1,695,652 shares of Solo Brands’ Class A common stock from the selling stockholders. The Secondary Offering is expected to close on May 16, 2023, subject to customary closing conditions.
Solo Brands is not selling any shares of Class A common stock in the Secondary Offering and will not receive any proceeds from the sale of shares by the selling stockholders.
BofA Securities, Inc. and Jefferies LLC are acting as joint book-running managers.
