07:33 AM EDT, 09/12/2024 (MT Newswires) -- Torrid Holdings ( CURV ) said Thursday it priced an underwritten public offering of eight million shares of its common stock by certain stockholders at $4 per share

The offering will close on or about Sept. 13, subject to customary closing conditions, according to the company statement.

The selling stockholders have also granted the underwriters a 30-day option to purchase an additional 1.2 million shares at the public offering price, minus the underwriting discount and commissions, the company said.

Torrid said it will not receive proceeds from the shares sold by the selling stockholders.

Shares of the company fell more than 16% in recent premarket activity.

Price: 4.1000, Change: -0.81, Percent Change: -16.50