LegalZoom (LZ) Announces 13M Share Secondary Offering; Concurrent Share Buyback
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LegalZoom Announces Secondary Offering of Shares of Common Stock and Concurrent Stock Repurchase
September 6, 2023 4:13 PM EDTGLENDALE, Calif., Sept. 06, 2023 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ) announced today that a selling stockholder of LegalZoom (the Selling Stockholder) intends to offer 13,000,000 shares of LegalZooms common stock in an underwritten public offering (the Secondary Offering). The Selling Stockholder also intends to grant the underwriters a 30-day option to purchase up to an additional 1,950,000 shares of common stock.
LegalZoom is not offering any shares of its common stock in the Secondary Offering and will not receive any proceeds from the sale of shares of common stock in the Secondary... More
