05:45 AM EDT, 09/06/2024 (MT Newswires) -- PACS Group ( PACS ) said Friday it has priced a public offering of about 16.6 million common shares at $36.25 per share for gross proceeds of about $101 million.

The offering, which was upsized from the initial 13.9 million shares, includes about 2.8 million shares being sold by the company and about 13.8 million shares being sold by other selling stockholders.

The selling stockholders have granted the underwriters a 30-day option to purchase up to about 2.5 million additional shares.

The offering is expected to close Sept. 9.

Price: 36.40, Change: -0.84, Percent Change: -2.26