B. Riley Securities, a full-service investment bank, served as lead left bookrunner on a $58 million registered underwritten secondary public offering of common stock for CPI Card Group.
The offering consisted of 2,687,921 shares of CPI Card Group common stock sold by certain stockholders affiliated with Parallel49 Equity. The shares were sold at a public offering price of $21.50 per share. Total gross proceeds to the selling stockholders were approximately $57.8 million, before deducting the underwriting discount and other estimated offering expenses.
B. Riley Securities’ deal team included Tim Monfort, Arjun Oza, Noah Rich and Ryan Monfort.
