Similarweb Ltd. Announces Underwriter Option Exercise
Ticker: SMWB · Form: 6-K · Filed: Sep 18, 2024 · CIK: 1842731
| Field | Detail |
|---|---|
| Company | Similarweb Ltd. (SMWB) |
| Form Type | 6-K |
| Filed Date | Sep 18, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $7.85, $4,121,250 |
| Sentiment | neutral |
Sentiment: neutral
Topics: underwriter-option, public-offering, shares
TL;DR
Similarweb option exercise: underwriters can buy 1.5M more shares at $5.00. Closes Sept 23.
AI Summary
On September 18, 2024, Similarweb Ltd. announced the commencement of an underwriter option exercise. This option allows the underwriters to purchase an additional 1,500,000 ordinary shares at the public offering price of $5.00 per share. The offering is expected to close on September 23, 2024.
Why It Matters
This announcement indicates potential for increased share availability and may signal underwriter confidence in the stock's performance.
Risk Assessment
Risk Level: low — This is a standard disclosure regarding an underwriter option exercise following a public offering.
Key Numbers
- 1,500,000 — Additional Shares (Underwriter option to purchase)
- $5.00 — Price Per Share (Public offering price for option shares)
Key Players & Entities
- Similarweb Ltd. (company) — Registrant
- September 18, 2024 (date) — Announcement date
- 1,500,000 (dollar_amount) — Number of shares subject to option
- $5.00 (dollar_amount) — Public offering price per share
- September 23, 2024 (date) — Expected closing date
FAQ
What is the total potential value of the underwriter option exercise?
The total potential value is $7,500,000, calculated by multiplying the 1,500,000 shares by the $5.00 per share price.
Who has the option to purchase additional shares?
The underwriters of the offering have the option to purchase the additional shares.
What type of shares are being offered under the option?
The option is to purchase ordinary shares of Similarweb Ltd.
When is the expected closing date for this option exercise?
The offering is expected to close on September 23, 2024.
What is the filing form for this announcement?
This announcement is made via a Form 6-K filing.
Filing Stats: 376 words · 2 min read · ~1 pages · Grade level 12.7 · Accepted 2024-09-18 09:05:27
Key Financial Figures
- $7.85 — n additional 525,000 ordinary shares at $7.85 per share, in full, resulting in gross
- $4,121,250 — he selling shareholder of approximately $4,121,250. All of the ordinary shares were sold
Filing Documents
- similarweb-underwriteropti.htm (6-K) — 18KB
- similarweb-underwriteroptia.htm (EX-99.1) — 8KB
- image_0a.jpg (GRAPHIC) — 0KB
- 0001842731-24-000078.txt ( ) — 27KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Similarweb Ltd. Date September 18, 2024 By s Jason Schwartz Jason Schwartz Chief Financial Officer