Business Wire·Sep 10, 2026, 4:05 PM ET

CPI Announces Proposed Secondary Public Offering of Common Stock by Major Stockholder

CPI Card Group Inc. announced that stockholders affiliated with Parallel49 Equity have commenced an underwritten secondary public offering of 2,337,323 shares of common stock.
Selling stockholders expect to grant underwriters a 30-day option to purchase up to an additional 350,598 shares.
All proceeds from the offering will go to the selling stockholders, while CPI Card Group will receive no proceeds from the sale.
B. Riley Securities and D.A. Davidson & Co. are acting as joint book running managers for the offering.
A registration statement on Form S-3 has been filed with & declared effective by the SEC, with a preliminary prospectus supplement also filed.
The offering is subject to market conditions, with no assurance provided regarding its completion, actual size, or terms.
Forward-looking statements regarding the offering's closing & proceeds are included, noting they are subject to risks & uncertainties that could cause actual results to differ materially.