Andersen Group launches secondary offering of 4.28M shares

Andersen Group Inc. (NYSE: ANDG) announced the launch of a proposed underwritten public offering of 4,284,457 shares of its Class A common stock by certain selling stockholders, subject to market and other conditions.

The selling stockholders also expect to grant underwriters a 30-day option to purchase up to an additional 642,668 shares of Class A common stock at the public offering price, less underwriting discounts and commissions.

Andersen is not selling any shares in the proposed offering and will not receive any proceeds from the sale.

Baird, Truist Securities and UBS Investment Bank are serving as lead book-running managers for the proposed offering, with William Blair acting as an additional book-running manager.

A registration statement relating to the securities has been filed with the Securities and Exchange Commission but has not yet become effective.

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