05:05 PM EDT, 09/26/2024 (MT Newswires) -- MeridianLink ( MLNK ) said late Thursday it has launched an underwritten secondary public offering of 6 million shares by some funds managed by Thoma Bravo.

The selling shareholders plan to give the underwriter a 30-day option to buy up to 900,000 more shares, the company said.

MeridianLink ( MLNK ) said it won't get any proceeds from the sale of the shares.

The company's shares were falling past 5% in recent after-hours activity.

Price: 21.70, Change: -1.22, Percent Change: -5.32