MeridianLink Announces Launch of Proposed Secondary Offering of Common Stock
MeridianLink (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, has announced the launch of an underwritten secondary public offering of 6,000,000 shares of its common stock. The offering is being made by certain funds managed by Thoma Bravo, L.P., with an additional 30-day option to purchase up to 900,000 shares. J.P. Morgan Securities is acting as the underwriter and sole book-running manager for the offering.
The company will not receive any proceeds from the sale of shares. The offering is being made pursuant to an effective shelf registration statement on Form S-3 filed with the SEC. Potential investors are advised to read the prospectus and related documents for complete information about the company and the offering.
MeridianLink (NYSE: MLNK), un fornitore di piattaforme software moderne per istituzioni finanziarie e agenzie di reporting dei consumatori, ha annunciato il lancio di un'offerta pubblica secondaria garantita di 6.000.000 azioni del suo capitale sociale. L'offerta è effettuata da alcuni fondi gestiti da Thoma Bravo, L.P., con un'ulteriore opzione di 30 giorni per l'acquisto di fino a 900.000 azioni. J.P. Morgan Securities funge da sottoscrittore e gestore unico dell'offerta.
L'azienda non riceverà alcun provento dalla vendita delle azioni. L'offerta è effettuata ai sensi di una dichiarazione di registrazione a scaffale efficace sul modulo S-3 depositata presso la SEC. Gli investitori potenziali sono invitati a leggere il prospetto e i documenti correlati per informazioni complete sull'azienda e sull'offerta.
MeridianLink (NYSE: MLNK), un proveedor líder de plataformas de software modernas para instituciones financieras y agencias de informes al consumidor, ha anunciado el lanzamiento de una oferta pública secundaria suscrita de 6,000,000 acciones de su capital social. La oferta está siendo realizada por ciertos fondos administrados por Thoma Bravo, L.P., con una opción adicional de 30 días para comprar hasta 900,000 acciones. J.P. Morgan Securities actúa como el suscriptor y gerente único de la oferta.
La empresa no recibirá ingresos de la venta de acciones. La oferta se realiza de conformidad con una declaración de registro a estante efectiva en el Formulario S-3 presentada ante la SEC. Se recomienda a los posibles inversores leer el prospecto y los documentos relacionados para obtener información completa sobre la empresa y la oferta.
MeridianLink (NYSE: MLNK)는 금융 기관 및 소비자 보고 기관을 위한 현대 소프트웨어 플랫폼의 선도적인 제공업체로, 6,000,000주의 보통주에 대한 인수된 2차 공개 제공을 발표했습니다. 이번 제공은 Thoma Bravo, L.P.가 관리하는 특정 펀드에 의해 이루어지며, 30일 추가 옵션으로 900,000주를 구매할 수 있습니다. J.P. Morgan Securities는 이번 제공의 인수자이자 단독 북런닝 매니저로 활동하고 있습니다.
회사는 주식 판매로부터 어떤 수익도 받지 않습니다. 이번 제공은 SEC에 제출된 효력 있는 선등록 진술서인 Form S-3에 따라 진행되고 있습니다. 잠재 투자자들은 회사 및 제공에 대한 완전한 정보를 얻기 위해 투자 설명서 및 관련 문서를 읽어보는 것이 좋습니다.
MeridianLink (NYSE: MLNK), un fournisseur leader de plateformes logicielles modernes pour les institutions financières et les agences de reporting à la consommation, a annoncé le lancement d'une offre publique secondaire souscrite de 6.000.000 actions de son capital social. L'offre est réalisée par certains fonds gérés par Thoma Bravo, L.P., avec une option supplémentaire de 30 jours pour acheter jusqu'à 900.000 actions. J.P. Morgan Securities agit en tant que souscripteur et gestionnaire exclusif de l'offre.
L'entreprise ne recevra aucun produit de la vente des actions. L'offre est réalisée en vertu d'une déclaration d'enregistrement à effet de style sur le formulaire S-3 déposée auprès de la SEC. Les investisseurs potentiels sont invités à lire le prospectus et les documents associés pour obtenir des informations complètes sur l'entreprise et l'offre.
MeridianLink (NYSE: MLNK), ein führender Anbieter moderner Softwareplattformen für Finanzinstitute und Verbraucherberichterstattung, hat den Start eines unterzeichneten sekundären öffentlichen Angebots über 6.000.000 Aktien seiner Stammaktien angekündigt. Das Angebot erfolgt durch bestimmte von Thoma Bravo, L.P. verwaltete Fonds, mit einer zusätzlichen 30-tägigen Option zum Kauf von bis zu 900.000 Aktien. J.P. Morgan Securities fungiert als Emittent und alleiniger Ordermanager für das Angebot.
Das Unternehmen erhält keine Erlöse aus dem Verkauf der Aktien. Das Angebot erfolgt gemäß einer wirksamen Shelf-Registrierungserklärung auf dem Formular S-3, die bei der SEC eingereicht wurde. Potenzielle Investoren wird geraten, den Prospekt und die zugehörigen Dokumente für vollständige Informationen über das Unternehmen und das Angebot zu lesen.
- Secondary offering indicates potential market demand for MeridianLink stock
- Effective shelf registration statement already in place, streamlining the offering process
- Company will not receive any proceeds from the sale of shares
- Potential dilution of existing shareholders' ownership
- Large shareholder (Thoma Bravo) reducing its stake in the company
Insights
This secondary offering of 6 million shares by Thoma Bravo is a significant event for MeridianLink. While the company won't receive proceeds, it impacts the stock's supply and potentially its price. The additional 900,000 share option could further increase supply.
Key points:
- Offering size: 6 million shares with a 900,000 share option
- Current market cap:
$1.75 billion - Seller: Thoma Bravo (private equity firm)
- Underwriter: J.P. Morgan Securities
This move suggests Thoma Bravo is looking to reduce its stake, which could be seen as a lack of confidence or simply portfolio rebalancing. The increased float may improve liquidity but could put downward pressure on the stock price short-term. Investors should monitor how the market absorbs this additional supply and any changes in institutional ownership following the offering.
This secondary offering marks a significant shift in MeridianLink's ownership structure. As a leading provider of financial software platforms, MLNK's performance is closely tied to the health of the financial sector and technology adoption trends in banking.
Key market implications:
- Increased float may attract more institutional investors
- Potential for increased volatility during the offering period
- Market reaction could signal investor sentiment on fintech sector
The timing of this offering, following the recent S-3 filing becoming effective, suggests a strategic move by Thoma Bravo. Investors should consider the broader market conditions for fintech stocks and any recent performance metrics from MeridianLink when assessing the potential impact of this offering on the company's valuation and future growth prospects.
J.P. Morgan Securities LLC is acting as the underwriter and sole book-running manager for the proposed offering.
The underwriter proposes to offer the shares of common stock from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the New York Stock Exchange, or to dealers in negotiated transactions or in a combination of such methods of sale, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices, subject to its right to reject any order in whole or in part.
The Offering is being made pursuant to an effective shelf registration statement on Form S-3 (Registration No. 333-276336), which was filed with the Securities and Exchange Commission (“SEC”) on December 29, 2023 and became effective on January 8, 2024, including a base prospectus and final prospectus supplement. Before you invest, you should read the prospectus in the registration statement and the other documents the Company has filed or will file with the SEC for more complete information about the Company and this Offering. You may get these documents for free, including the prospectus supplement, once available, by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the prospectus supplement, once available, and the accompanying base prospectus may be obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements which are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Generally, these statements can be identified by the use of words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” and variations of such words or similar expressions, although not all forward-looking statements contain these identifying words. Further, statements describing our strategy, outlook, guidance, plans, intentions, or goals are also forward-looking statements. These forward-looking statements reflect our predictions, expectations, or forecasts, including, but not limited to, statements regarding the Offering and its anticipated terms. Actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, changes in market and economic condition and in the selling stockholders’ plan of Offering, as well as those risks set forth in Item 1A. Risk Factors, or elsewhere, in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, any updates in our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K, and our other SEC filings, including the prospectus and prospectus supplement pursuant to which the Offering will be made. These forward-looking statements are based on reasonable assumptions as of the date hereof. The plans, intentions, or expectations disclosed in our forward-looking statements may not be achieved, and you should not rely upon forward-looking statements as predictions of future events. We undertake no obligation, other than as required by applicable law, to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240926601999/en/
Investor Relations Contact
Gianna Rotellini
(714) 332-6357
InvestorRelations@meridianlink.com
Source: MeridianLink, Inc.
FAQ
How many shares of MLNK stock are being offered in the secondary offering?
Who is selling shares in MeridianLink's (MLNK) secondary offering?
Will MeridianLink (MLNK) receive any proceeds from this secondary offering?
Who is the underwriter for MeridianLink's (MLNK) secondary offering?
