- Abacus Life (NASDAQ:ABL) on Thursday said it intends to offer and sell up to 10 million shares of common stock in a public offering.
- Abacus intends to grant the underwriters a 30-day option to purchase up to an additional 1.5M shares of common stock at the public offering price.
- All the shares in the public offering are to be sold by Abacus.
- The company intends to use the net proceeds for its operations, including the purchase of life settlement policies.
- It also intends to use the proceeds for working capital purposes and general corporate purposes, which may include repayment and refinancing of its indebtedness.
- Press release.
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