CPI Card Group prices secondary share sale at $21.50

CPI Card Group ($PMTS) priced a secondary public offering of 2,337,323 shares at $21.50 each. The shares are being sold by holders affiliated with Parallel49 Equity, with underwriters receiving an option to purchase up to 350,598 additional shares from the selling holders.

All proceeds go to the selling shareholders rather than CPI Card Group. The transaction is therefore a sell-down of existing shares, not a new issuance raising operating capital for the company. Completion remains subject to customary closing conditions. The announced pricing establishes the terms of the offering, but it should not be presented as a new financing commitment by CPI, a share buyback, or direct dilution caused by the creation of additional company shares.

Sources:

• CPI Card Group — secondary-offering announcement, Business Wire via StockTitan