MediaAlpha (MAX) Launches 3M Share Secondary Offering

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Go back to MediaAlpha (MAX) Launches 3M Share Secondary Offering

MediaAlpha Announces Launch of Secondary Offering

March 7, 2024 4:17 PM EST

LOS ANGELES, March 07, 2024 (GLOBE NEWSWIRE) -- MediaAlpha, Inc. ("MediaAlpha") (NYSE: MAX) today announced the launch of an underwritten secondary public offering of 3,000,000 shares of its Class A common stock by certain selling stockholders (the "Selling Stockholders"). Certain of the Selling Stockholders have granted the underwriter a 30-day option to purchase up to an additional 450,000 shares of Class A common stock.

MediaAlpha is not offering any shares of Class A common stock in the offering. The Selling Stockholders will receive all of the proceeds from the proposed offering. The offering is subject to... More