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

Boston heights, ohio, aug. 16, 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 the pricing of the previously announced underwritten public offering of 12 million shares of the company's class a common stock (the “offering”) by certain selling stockholders affiliated with freeman spogli & co. (collectively, the “selling stockholders”), at a public offering price of $10.00 per share. the selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1.8 million shares of the company's class a common stock at the public offering price, less the underwriting discount.
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