Abacus life announces closing of public offering of 12,500,000 shares of common stock

Orlando, fla., nov. 25, 2024 (globe newswire) -- abacus life, inc. (“abacus” or the “company”) (nasdaq: abl), a pioneering alternative asset manager specializing in longevity and actuarial technology, today announced the closing of its oversubscribed underwritten public offering of 12,500,000 shares of its common stock, consisting of 10,000,000 shares of its common stock sold by the company and 2,500,000 shares of common stock sold by certain stockholders of the company (the “selling stockholders”) at the public offering price of $8.00 per share. the gross proceeds raised in the offering, before underwriting discounts and commissions and estimated expenses of the offering, were approximately $100 million, of which approximately $80 million was raised in the primary offering by the company and approximately $20 million was paid in connection with the sale of shares by the selling stockholders.
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