YETI Announces Pricing of Secondary Offering of Shares of Common Stock by Selling Stockholders
May 28 2020 - 8:54AM
Business Wire
YETI Holdings, Inc. (“YETI”) (NYSE: YETI) announced today the
pricing of an underwritten public offering (the “Offering”) of
6,067,125 shares of YETI’s common stock by certain of its
stockholders at a public offering price of $32.65 per share. YETI
is not offering any shares of its common stock in the Offering and
will not receive any proceeds from the sale of shares in the
Offering. The Offering is expected to close on or about June 1,
2020, subject to customary closing conditions.
Goldman Sachs & Co. LLC is acting as sole underwriter for
the Offering.
YETI has filed a shelf registration statement on Form S-3
relating to the Offering (including a prospectus) with the
Securities and Exchange Commission (the “SEC”) that has become
effective. A prospectus supplement relating to the Offering has
also been filed with the SEC. Before you invest, you should read
the prospectus, the prospectus supplement and any other documents
that YETI may file with the SEC for more complete information about
the Company and this Offering. A copy of the prospectus supplement
and accompanying prospectus relating to the Offering may be
obtained by using EDGAR on the SEC website at www.sec.gov or by
contacting: Goldman Sachs & Co. LLC, Attention: Prospectus
Department, 200 West Street, New York, New York 10282, by telephone
at 1-866-471-2526 or by emailing prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About YETI Holdings, Inc.
Headquartered in Austin, Texas, YETI is a global designer,
retailer, and distributor of innovative outdoor products. From
coolers and drinkware to backpacks and bags, YETI products are
built to meet the unique and varying needs of diverse outdoor
pursuits, whether in the remote wilderness, at the beach, or
anywhere life takes our customers. By consistently delivering
high-performing, exceptional products, we have built a strong
following of brand loyalists throughout the world, ranging from
serious outdoor enthusiasts to individuals who simply value
products of uncompromising quality and design. We have an
unwavering commitment to outdoor and recreation communities, and we
are relentless in our pursuit of building superior products for
people to confidently enjoy life outdoors and beyond.
Forward-Looking and Cautionary Statements
This press release contains ‘‘forward-looking statements’’
within the meaning of the Private Securities Litigation Reform Act
of 1995, as amended. All statements other than statements of
historical or current fact included in this press release are
forward-looking statements. Forward-looking statements include
statements concerning the completion of the Offering.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond YETI’s control, including, without limitation, risks and
uncertainties related to the satisfaction of customary closing
conditions related to the Offering in order for the Offering to
close. Actual results could differ materially from those stated or
implied in forward-looking statements due to a number of factors,
including but not limited to, risks detailed in YETI’s filings with
the SEC, including in the sections entitled “Risk Factors” and
elsewhere in YETI’s Annual Report on Form 10-K for the year ended
December 28, 2019 and YETI’s Quarterly Report on Form 10-Q for the
quarter ended March 28, 2020. The forward-looking statements
included in this press release should not be unduly relied upon,
represent YETI’s views only as of the date of this press release
and do not represent YETI’s views as of any subsequent date. YETI
undertakes no intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, changes in YETI’s expectations or otherwise, except
as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200528005548/en/
Investor Relations Contact: Tom Shaw, 512-271-6332
Investor.relations@yeti.com Media Contact: YETI Holdings,
Inc. Media Hotline Media@yeti.com
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