The vita coco company, inc. announces secondary offering of common stock by selling stockholder

New york, may 22, 2023 (globe newswire) -- the vita coco company, inc. (nasdaq: coco) (“vita coco company”), a leading high-growth platform of better-for-you beverage brands, today announced that an existing stockholder, verlinvest beverages sa (the “selling stockholder”), intends to offer for sale in an underwritten offering 4,500,000 shares of common stock of the vita coco company pursuant to a registration statement on form s-3 filed by the vita coco company with the securities and exchange commission (the “sec”). in addition, the selling stockholder expects to grant the underwriters a 30-day option to purchase up to 675,000 additional shares at the public offering price less underwriting discounts and commissions. no shares of common stock are being sold by the vita coco company. the selling stockholder will receive all of the proceeds from the offering.
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