Karooooo CEO prices $75M share offering at $50 a piece

June 12, 2025 05:14 PM IST | By EODHD
 Karooooo CEO prices $75M share offering at $50 a piece
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* Karooooo (NASDAQ:KARO [https://seekingalpha.com/symbol/KARO]) has announced the pricing [https://seekingalpha.com/pr/20134629-karooooo-ltd-announces-pricing-of-secondary-public-offering-of-ordinary-shares]of an underwritten secondary public offering of 1.5M ordinary shares held by its CEO Isaias (Zak) Jose Calisto. * The shares are being sold at a price to the public of $50.00 per ordinary share for total gross proceeds of ~$75M. In addition, the underwriters will have a 30-day option to purchase up to an additional 225,000 ordinary shares at the public offering price. * The sale is expected to close on June 13, 2025, subject to customary closing conditions. * Following completion of the offering, Calisto will continue to beneficially own 17,917,958 ordinary shares, or 58.00% (or 17,692,958 ordinary shares, or 57.27% if the option to purchase additional shares is exercised in full) of the 30,893,300 ordinary shares issued and outstanding. * KARO -14.3% premarket. MORE ON KAROOOOO * Karooooo Is Scaling Efficiently In An Underpenetrated Market [https://seekingalpha.com/article/4791914-karooooo-is-scaling-efficiently-in-an-underpenetrated-market] * Karooooo Ltd. (KARO) Q4 2025 Earnings Call Transcript [https://seekingalpha.com/article/4787201-karooooo-ltd-karo-q4-2025-earnings-call-transcript] * Karooooo Ltd. 2025 Q4 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4787184-karooooo-ltd-2025-q4-results-earnings-call-presentation] * Seeking Alpha’s Quant Rating on Karooooo [https://seekingalpha.com/symbol/KARO/ratings/quant-ratings] * Historical earnings data for Karooooo [https://seekingalpha.com/symbol/KARO/earnings]

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