Solventum Corporation announced the pricing of a secondary offering of 8,800,000 shares of its common stock.
The offering is expected to result in gross proceeds of approximately $648 million.
All shares are being sold by the Selling Shareholder, with Solventum not receiving any proceeds from the Offering.
Offer Details
8,800,000 shares of common stock priced in this secondary offering.
Proceeds Estimate
Expected gross proceeds of around $648 million from the Offering.
Underwriters
Goldman Sachs & Co. LLC and BofA Securities are the underwriters for the Offering.
- The Offering is significant, with 8,800,000 shares being sold.
- The gross proceeds of $648 million will have an impact on the company's financial position.
The secondary offering of common stock by Solventum Corporation marks a strategic move for the company to raise substantial funds.