Allegro MicroSystems, Inc. (ALGM) Announces 7M Share Secondary Offering
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Allegro MicroSystems, Inc. Announces Secondary Offering of Common Stock
November 1, 2021 6:19 AM EDTMANCHESTER, N.H., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) (Allegro), a global leader in sensing and power semiconductor technology, announced today a secondary offering of 7,000,000 shares of its common stock by OEP SKNA, L.P., an affiliate of One Equity Partners (the Selling Stockholder). The offering consists entirely of secondary shares of common stock to be sold by the Selling Stockholder and Allegro will not receive any proceeds from the sale of such shares. In addition, the Selling Stockholder has granted the underwriter a 30-day option to purchase up to an additional 1,050,000... More
