04:29 PM EDT, 06/13/2024 (MT Newswires) -- Abacus Life ( ABL ) late Thursday disclosed plan to issue 10 million common shares through an upcoming public offering, subject to general market factors.

The alternative assets manager will also provide underwriters with a 30-day option to buy up to 1.5 million shares to cover potential overallotments.

The company expects to use net proceeds to fund its operations, working capital and other business activities.