04:30 PM EDT, 05/12/2025 (MT Newswires) -- Pet Valu Holdings ( PTVLF ) Monday after trade said that PV Holdings, Roark Capital Partners and certain of its subsidiaries, will sell up to 5.2-million Pet Valu ( PTVLF ) shares at $28.85 each for total proceeds of $150 million in a secondary bought-deal offering.

The underwriters have been granted a 15% over-allotment option.

Proceed will be paid directly to the selling shareholders. Pet Valu ( PTVLF ) will not receive any proceeds.

The offering will close on May 16.

Pet Valu ( PTVLF ) closed up $0.16 to $30.22 near a 52-week high of $30.40.