Perella Weinberg Partners (NASDAQ:PWP) priced upsized public offering of 5M shares at a public offering price of $12.00 per share.
Underwriters have a 30-day option to purchase up to an additional 750K shares.
The offering is expected to close on March 1, 2024.
The company intends to contribute the net proceeds from the offering to PWP Holdings in exchange for 5M PWP OpCo Class A partnership units.
PWP OpCo intends to use the net proceeds received from the company, together, to the extent necessary, with any cash on hand, for the conversion of certain Partnership Class A-3 common units.
These expected uses of net proceeds from the Offering represent the company’s present intentions based on its current plans and business conditions, which could change in the future as its plans and business conditions evolve.
