ShareholdingMay 14, 2026, 05:08 PM
Lifeway Foods Announces Pricing of Secondary Offering at $19.50/Share
AI Summary
Lifeway Foods, Inc. announced the pricing of a secondary underwritten public offering of 3,454,756 shares of its common stock by Danone USA Public Benefit Corporation, the Selling Stockholder, at $19.50 per share. The company will not receive any proceeds from this offering. Concurrently, Lifeway Foods has agreed to repurchase approximately $5.0 million of the shares in the offering at the same per share price, with the repurchase conditioned upon the completion of the offering. The offering is expected to close on May 19, 2026.
Key Highlights
- Lifeway Foods announced a secondary public offering of 3,454,756 common shares.
- Shares are being sold by Danone USA Public Benefit Corporation (Selling Stockholder).
- The offering price to the public is $19.50 per share.
- Lifeway Foods will not receive any proceeds from the secondary offering.
- The company agreed to repurchase approximately $5.0 million of shares at the offering price.
- The offering is expected to close on or about May 19, 2026.
- BTIG, LLC is acting as the sole underwriter for the offering.