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Snap One Holdings Corp. Announcing its initial public offering prices

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CHARLOTTE, NC, July 27, 2021 (GLOBE NEWSWIRE) — Snap One Holdings Corp. (“Snap One”), a company that provides smart life products, services, and software to professional integrators, today announced pricing for its initial public offering of 13,850,000 shares of its common stock at $18.00 per share. Snap One average shares are expected to begin trading on the Nasdaq Global Select Market on July 28, 2021 under the symbol “SNPO”, and the offering is expected to close on July 30, 2021, subject to usual closing conditions. Snap One and the Selling Shareholders have given subscribers a 30-day option to purchase up to 2,077,500 additional shares of common stock at the initial public offering price less underwriting discounts and commissions.

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Snap One intends to use the net proceeds from the Offer to repay a part of the Term Loan under its Credit Agreement plus interest accrued on it and for general corporate purposes.

The offer is being made by an underwriting group led by Morgan Stanley, JP Morgan, Jefferies and UBS Investment Bank, who act as lead book managers. BMO Capital Markets, Raymond James, Trust Securities and William Blair, who serve as book managers; and Drexel Hamilton, Penserra Securities LLC, R. Seelaus & Co., LLC and Siebert Williams Shank, who serve as co-managers.

The Securities and Exchange Commission has declared that the registration statement on Form S-1 relating to these securities is effective. This news release does not constitute an offer to sell or the solicitation of an offer to purchase such securities, nor shall there be any sale of such securities in any case where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction Judicial.

These securities may only be offered through the prospectus. Copies of this prospectus may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; JP Morgan Securities LLC, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by phone at (866) 803-9204 or by email at prospectus-eq_fi@jpmorganchase.com; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022 or by phone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or UBS Securities LLC, Attn: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, by phone at (888) 827-7275 or by email at ol-prospectus-request@ubs.com.

About Snap One

Snap One supports Smart Living by providing a suite of products, services and software for the Professional Integrator (“DIFM”). Our clients include professional DIFM integrators that deliver personalized and immersive end-consumer experiences With over 2,800 proprietary SKUs and a growing network of over 16,000 local DIFM integrators, Snap One brings together a comprehensive ecosystem of product and technology-enabled workflow solutions that allows integrators to focus on their trade with Leverage the tools and infrastructure we offer to build a thriving and profitable business.

Cautionary statement regarding forward-looking statements

Certain statements in this press release constitute forward-looking statements, including with respect to the closing of the initial public offering and the use of its proceeds. Management has based these forward-looking statements on its current expectations, assumptions, estimates and expectations. While they believe that these expectations, assumptions, estimates and projections are reasonable, these forward-looking statements are merely predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. Such statements involve risks and uncertainties that could cause Snap One’s actual results, performance or achievements to differ materially from any express or implied coming results, performance or achievements made by these forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements and, except as required by law, Snap One assumes no obligation and does not intend to update or revise such forward-looking statements, whether as a result of unused or coming information. events, or otherwise.

Contacts

The media:

Abigail Hanlon
Marketing and PR Events Manager
Abigail.Hanlon@SnapOne.com

Jordan Schmidt
Investor Relations Portal
949-574-3860
IR@SnapOne.com

Investors:

Tom Colton and Matt Glover
Investor Relations Portal
949-574-3860
IR@SnapOne.com

Referensi: finance.yahoo.com

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