04:38 PM EDT, 06/24/2025 (MT Newswires) -- Torrid Holdings ( CURV ) launched a secondary offering of 10 million shares and won't receive any of the proceeds from the sale.

The selling stockholders intend to grant underwriters a 30-day option to buy up to an additional 1.5 million shares, the company said Tuesday in a statement.

In addition, Torrid agreed to purchase $20 million of its shares from Sycamore Partners at a price equal to that paid by the underwriters in the offering. The repurchased shares will be held as treasury stock.

Torrid shares fell 25% in after-hours activity.