MeridianLink announces offering of 6.5M shares of common stock for holders

MeridianLink announced the commencement of a proposed underwritten secondary offering of 6.5M shares of its common stock by certain of its existing stockholders. The offering consists entirely of shares of the company’s common stock to be sold by the Selling Stockholders, and the company will not receive any proceeds from the sale of the shares being offered by the selling stockholders. In connection with the offering, the company intends to purchase from the underwriters up to $50M of the company’s common stock at a price per share equal to the price per share at which the underwriters purchase shares of the company’s common stock in the offering. The company intends to fund the concurrent stock repurchase with existing cash on hand. Citigroup Global Markets and J.P. Morgan Securities are acting as lead book-running managers for the offering.