MediaAlpha Announces Launch of Secondary Offering
07 März 2024 - 10:17PM
MediaAlpha, Inc. ("MediaAlpha") (NYSE: MAX) today announced the
launch of an underwritten secondary public offering of 3,000,000
shares of its Class A common stock by certain selling stockholders
(the "Selling Stockholders"). Certain of the Selling
Stockholders have granted the underwriter a 30-day option to
purchase up to an additional 450,000 shares of Class A common
stock.
MediaAlpha is not offering any shares of Class A common stock in
the offering. The Selling Stockholders will receive all of the
proceeds from the proposed offering. The offering is subject to
market and other conditions, and there can be no assurance as to
whether or when the offering may be completed.
J.P. Morgan is acting as the sole underwriter for the offering.
The underwriter may offer the shares of Class A common stock from
time to time for sale in one or more transactions on the NYSE, in
the over-the-counter market, through negotiated transactions or
otherwise, at market prices prevailing at the time of sale, at
prices related to prevailing market prices or at negotiated
prices, subject to its right to reject any order in whole or
in part.
The issuer has filed a registration statement (including a
prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you should read
the prospectus in that registration statement and other
documents the issuer has filed with the SEC for more complete
information about the issuer and this offering. You may get
these documents for free by visiting EDGAR on the SEC Web site at
www.sec.gov. Copies of the preliminary prospectus supplement
and accompanying prospectus relating to the offering may be
obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by
telephone at 1-866-803-9204 or by email at
prospectus-eq_fi@jpmchase.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. Any offers, solicitations or offers to buy,
or any sales of securities will be made in accordance with the
registration requirements of the Securities Act of 1933, as
amended.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains "forward-looking
statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
reflect our current views with respect to future events. These
statements are often, but not always, made through the use of words
or phrases such as "may," "should," "could," "predict,"
"potential," "believe," "will likely result," "expect," "continue,"
"will," "anticipate," "seek," "estimate," "intend," "plan,"
"projection," "would," and "outlook," or the negative version of
those words or other comparable words or phrases of a future or
forward-looking nature. These forward-looking statements are based
on current expectations, estimates, beliefs and assumptions, many
of which, by their nature, are inherently uncertain and beyond our
control. Accordingly, we caution you that any such forward-looking
statements are not guarantees of the future and are subject to
risks, assumptions and uncertainties that are difficult to predict.
Although we believe that the expectations reflected in these
forward-looking statements are reasonable as of the date made,
actual results may prove to be materially different from the
results expressed or implied by the forward-looking statements.
There are or will be important factors that could cause our actual
results to differ materially from those indicated in these
forward-looking statements, including those more fully described in
MediaAlpha’s filings with the SEC, including those set forth in the
Risk Factors section of the registration statement for the offering
and the preliminary prospectus included therein, as filed with the
SEC. MediaAlpha disclaims any obligation to update any
forward-looking statements to reflect events or circumstances that
occur after the date of this press release, except as required by
law.
Contacts: InvestorsDenise
GarciaHayflower PartnersDenise@HayflowerPartners.com
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