Napco Security Technologies announced that its chairman and CEO, Richard Soloway, intends to offer and sell shares of common stock beneficially owned by the selling stockholder in an underwritten secondary public offering. Napco is not issuing or selling any shares of common stock in the offering and therefore will not receive any of the proceeds from the sale of the outstanding shares of common stock by the selling stockholder, and the offering will not result in dilution to existing stockholders. Needham & Company and TD Cowen are acting as joint book-runners for the offering, and D.A. Davidson & Co. is acting as the lead manager for the offering.
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