05:09 PM EDT, 09/08/2025 (MT Newswires) -- BRP (DOO.TO, DOOO) was last seen down 2.4% in after-hours Nasdaq trading after on Monday saying Bain Capital Integral Investors II will sell 1.5-million of BRP's subordinate voting shares priced at C$90.71 per share in a secondary offering.

BRP is not selling any shares and will not receive any proceeds, the company added.

A prospectus supplement for the offering will be filed with Canadian regulators and the U.S. Securities and Exchange Commission, it said.

Bain currently owns about 16.4% of BRP's total shares and 27.1% of the voting power. After the sale, Bain's stake will drop to about 14.4% of total shares and 24.4% of voting power, according to the statement.

The deal is expected to close around Sept. 12, pending standard conditions, the company said.

The company's shares were last seen down US$1.61 to US$66.75 after hours. They closed up C$3.59 to C$94.25 on the Toronto Stock Exchange.