MeridianLink Inc ( MLNK ) shares are trading lower by 7.4% to $21.22 during Friday’s session after the company announced an underwritten secondary public offering of 6 million shares.

The selling stockholders have also given the underwriter a 30-day option to buy up to an additional 900,000 shares. MeridianLink ( MLNK ) will not receive any proceeds from this sale.

The offering is expected to close on September 30, pending customary conditions. J.P. Morgan Securities LLC is managing the offering as the sole underwriter.

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How To Buy MLNK Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in MeridianLink’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, MLNK has a 52-week high of $25.88 and a 52-week low of $14.89.