Agilysys (AGYS) Prices 868K Share Secondary Offering

Agilysys, Inc. (NASDAQ: AGYS) today announced the pricing of the previously announced underwritten secondary offering of 867,729 shares of its common stock (the “Offering”) by certain investment funds managed by MAK Capital, resulting in gross proceeds to the selling stockholders of $72.7 million. Agilysys is not selling any shares in the Offering and will not receive any proceeds from the sale of the offered shares by the selling stockholders. The Offering is expected to close on February 20, 2024, subject to customary closing conditions.

BTIG, LLC is acting as the sole underwriter for the Offering. The shares will be offered from time-to-time for sale in one or more transactions on the Nasdaq Stock Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

The Offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) on September 15, 2023. The Offering is being made only by means of a final prospectus supplement and the accompanying base prospectus, copies of which may be obtained through the SEC’s website at www.sec.gov. Alternatively, copies may be obtained from: BTIG, LLC, 600 Montgomery Street, San Francisco, CA 94111 Attention: Syndicate Department (415-248-2200) or by email at [email protected].

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

You May Also Be Interested In

• Real and RE/MAX Holdings set Aug. 24 merger closing date
• Suja Life refinances credit agreement, cuts borrowing spread
• ESS Tech launches $3.2M stock offering at $0.50 per share