Abacus life announces proposed public offering of common stock

Orlando, fla., nov. 21, 2024 (globe newswire) -- abacus life, inc. (“abacus” or the “company”) (nasdaq: abl), a pioneering alternative asset manager specializing in leveraging longevity and actuarial technology to offer uncorrelated investment opportunities, today announced the commencement of an underwritten public offering of 12,500,000 shares of its common stock, including 10,000,000 shares of common stock to be sold by the company and 2,500,000 to be sold by certain stockholders of the company (the “selling stockholders”). the company and the selling stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock from the company and up to an additional 375,000 shares of common stock from the selling stockholders.
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