Sportswear maker Under Armour Inc announced it had filed a registration statement with the Securities and Exchange Commission for a proposed offering of 6,815,165 shares of its common stock.
This filing was made pursuant to a registration rights agreement between the company and Rosewood Capital, a venture capital firm, and also covers proposed sales by certain other shareholders.
The selling shareholders will offer all 6,815,165 shares in the proposed offering and none of the proceeds will go to the company. In addition, certain of the selling shareholders have granted the underwriters an option to purchase up to an additional 1,022,275 shares to cover over-allotments, if any.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
Under Armour is a leading developer, marketer and distributor of branded performance products for men, women and youth. The brand's moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products.
marketing@alchempro.com
