03:47 AM EDT, 10/01/2024 (MT Newswires) -- CPI Card Group ( PMTS ) said late Monday a registered underwritten public offering by certain selling shareholders of 1.2 million shares of the company's common stock was priced at $21 per share for expected gross proceeds of $25.2 million.

The underwriters have been granted a 30-day option to purchase up to 180,000 additional shares from the selling shareholders, which are affiliated with Parallel49 Equity.

The company said it will not receive any proceeds from the secondary offering.

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