12:05 PM EDT, 05/21/2025 (MT Newswires) -- Pet Valu ( PTVLF ) on Wednesday said a syndicate of underwriters exercised their over-allotment option in full and purchased an additional 780,000 shares on the same terms and conditions, further to its previously announced closing of the secondary bought-deal offering by PV Holdings S.a r.l., Roark Capital Partners II AIV AG, L.P., RCPS Equity Cayman LP and Roark Capital Partners Parallel II AIV AG.

The company said proceeds to the selling shareholders from the offering and the exercise of the over-allotment option in the aggregate is near $172.5 million. Pet Valu ( PTVLF ) did not receive any proceeds from the offering or the exercise of the over-allotment option.

Following the offering and the exercise of the over-allotment option, the selling shareholders beneficially own near 29% of the outstanding common shares.

Shares of the company were last seen up 0.55 to $29.74 on the Toronto Stock Exchange.

Price: 29.80, Change: +0.61, Percent Change: +2.09