Abacus Life announced that it has commenced an underwritten public offering of 10M shares of its common stock. All of the shares in the public offering are to be sold by Abacus. Abacus intends to use net proceeds for its operations, including the purchase of life settlement policies, to support its overall business strategy, for working capital purposes and for general corporate purposes, which may include repayment and refinancing of its indebtedness. Piper Sandler & Co., TD Securities, B. Riley Securities, and KKR Capital Markets are acting as joint book-running managers and representatives of the underwriters of the proposed offering.
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