CPI Card Group shareholders price secondary offering at $21.50 per share

CPI Card Group Inc. (Nasdaq: PMTS) announced the pricing of a secondary public offering of 2,337,323 shares of common stock at $21.50 per share, according to a press release. The shares are being sold by stockholders affiliated with Parallel49 Equity.

The company will not sell any shares in the offering and will not receive any proceeds. Total gross proceeds to the selling stockholders are expected to be approximately $50.3 million, before underwriting discounts and other estimated offering expenses, assuming no exercise of the overallotment option.

Underwriters were granted a 30-day option to purchase up to an additional 350,598 shares from the selling stockholders at the offering price, less the underwriting discount.

The offering is expected to close on or about September 14, 2026, subject to customary closing conditions. B. Riley Securities and D.A. Davidson & Co. are acting as joint book-running managers, with Lake Street Capital Markets serving as co-manager.

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