Hamilton Lane Inc. (NASDAQ:HLNE) saw its stock fall 2.3% after the private markets asset management firm announced the pricing of an underwritten public offering of 528,705 Class A common shares.
The offering is expected to generate gross proceeds of approximately $77.5 million and includes shares sold by both Hamilton Lane and a selling stockholder. The transaction is scheduled to close on September 4, 2025, subject to customary closing conditions.
Hamilton Lane indicated that it plans to use its portion of the proceeds to settle cash exchanges of membership units in Hamilton Lane Advisors, L.L.C. held by certain members. The company will not receive any proceeds from the shares sold by the selling stockholder.
BofA Securities, Inc. is acting as book-running manager and underwriter for the offering. The stock’s decline reflects investor concern about potential dilution, which typically occurs when additional shares enter the market, reducing existing shareholders’ ownership percentage.
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