MeridianLink Announces Pricing of $131.2M Secondary Offering of 6.9M Shares by Certain Selling Stockholders and Related Common Stock Repurchase at $19/Share

Author: Benzinga Newsdesk | February 07, 2024 06:36am

MeridianLink, Inc. (the "Company") (NYSE:MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced the pricing of the previously announced underwritten secondary offering of 6,906,015 shares of its common stock (the "Offering") by certain of its existing stockholders (the "Selling Stockholders"), at a public offering price of $19.00 per share, which represents an increase of 406,015 shares from the previously announced size of the Offering. The pricing took place on February 6, 2024. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 675,000 shares at the public offering price, less underwriting discounts and commissions. The Offering consists entirely of shares of the Company's common stock to be sold by the Selling Stockholders, with 4,500,000 shares to be offered to the public and 2,406,015 shares to be repurchased by the Company pursuant to the Stock Repurchase (as defined below). The Company will not receive any proceeds from the sale of the shares being offered by the Selling Stockholders. The Offering is expected to close on February 9, 2024, subject to customary closing conditions.

Posted In: MLNK