Arhaus announces secondary offering of class a common stock by selling stockholders

Boston heights, ohio, aug. 15, 2023 (globe newswire) -- arhaus, inc. (nasdaq: arhs) (“arhaus” or the “company”), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, announced today that certain selling stockholders affiliated with freeman spogli & co. (collectively, the “selling stockholders”) have commenced an underwritten public offering of 12 million shares of the company's class a common stock (the “offering”). additionally, the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1.8 million shares of the company's class a common stock. the proposed offering is subject to market conditions, and there can be no assurance as to whether or when the proposed offering may be completed or as to the actual size or terms of the proposed offering.
ARHS Ratings Summary
ARHS Quant Ranking