Loar Holdings Inc. announced the pricing of its upsized public offering on December 10, 2024. The offering included 5,750,000 shares of common stock priced at $85.00 per share.
The offering comprised 1,897,500 shares sold by certain stockholders and 3,852,500 shares offered by Loar itself. Additionally, the underwriters were granted a 30-day option to purchase up to an additional 862,500 shares of common stock.
This equity raise provides capital for Loar's strategic growth initiatives, including potential acquisitions. However, the issuance of new shares by the company results in dilution for existing shareholders.
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