Solo Brands, Inc. (NYSE: DTC), an omni-channel platform of brands Solo Stove, Chubbies, Oru Kayak, and ISLE, has announced the pricing of the underwritten public offering of 11,304,348 shares of Solo Brands’ Class A common stock by certain selling stockholders, at a price to the public of US$5.25 per share. The underwriters will also have a 30-day option to purchase up to an additional 1,695,652 shares of Solo Brands’ Class A common stock from the selling stockholders. The Secondary Offering is expected to close on May 16, 2023, subject to customary closing conditions.
Latham & Watkins LLP represents Solo Brands in the offering with a capital markets team led by partners Ian Schuman and Adam Gelardi, with associates Adam Johnson, Katie Byun, and Amanda Farrish. Advice was also provided on tax matters by partner Andrea Ramezan-Jackson, with associate Michael Syku.