From GlobeNewswire: 2024-06-13 16:05:00

Abacus Life, Inc. announced a public offering of 10,000,000 shares of common stock, with an option for an additional 1,500,000 shares. The proceeds will be used for operations, purchasing life settlement policies, and general corporate purposes. The underwriters for the offering include Piper Sandler & Co., TD Securities (USA) LLC, B. Riley Securities, Inc., and KKR Capital Markets LLC. The offering is subject to market conditions, and a registration statement has been filed with the SEC. Abacus Life specializes in longevity and actuarial technology and is the only public life settlement company trading on the Nasdaq Exchange under ABL.

Investors should be aware of the risks involved in Abacus’ forward-looking statements regarding the offering. Factors such as demand for life settlement offerings, the ability to retain customers, and industry trends could impact actual results. Abacus advises against putting undue reliance on forward-looking statements and will provide updates if needed. Readers should review SEC filings for a more comprehensive understanding of risks and uncertainties. For further information, contact Jeff Smith at 1-800-561-4148 or [email protected]. Abacus Life can also be reached for Investor Relations at [email protected] and Public Relations at [email protected].



Read more at GlobeNewswire: Abacus Life Announces Proposed Public Offering of Common