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CPI Announces Pricing of Secondary Public Offering of Common Stock

PMTS
  • CPI Card Group Inc. priced a secondary public offering of 2,337,323 shares of common stock sold by Parallel49 Equity-affiliated stockholders at $21.50 per share.
  • Underwriters received a 30-day option to purchase up to an additional 350,598 shares from the selling stockholders at the public offering price less the underwriting discount.
  • The offering is expected to close on or about September 14, 2026, subject to customary closing conditions.
  • CPI Card Group is not offering any shares in this transaction \& will not receive any proceeds from the sale.
  • Total gross proceeds to the selling stockholders are expected to be approximately $50.3 million before deducting underwriting discounts \& expenses, assuming no exercise of the over-allotment option.
  • B. Riley Securities \& D.A. Davidson & Co. are acting as joint book-running managers, with Lake Street Capital Markets serving as co-manager.
  • A registration statement on Form S-3 was filed with \& declared effective by the U.S. Securities and Exchange Commission.
  • The offering will be conducted solely through a prospectus \& final prospectus supplement to be filed with the SEC.
  • Copies of the offering documents are available upon request from B. Riley Securities or D.A. Davidson & Co.
  • The press release includes forward-looking statements regarding the closing of the offering \& expected gross proceeds, which are subject to risks \& uncertainties.