From GlobeNewswire: 2024-06-24 16:21:00

Abacus Life, Inc. successfully closed its public offering of 11,500,000 shares of common stock, raising approximately $92 million. The net proceeds will support the company’s operations, life settlement policy purchases, and overall business strategy. Piper Sandler & Co., TD Securities (USA) LLC, B. Riley Securities, and KKR Capital Markets LLC served as underwriters for the offering. The registration statement was declared effective by the SEC on June 20, 2024, and a final prospectus was filed on June 21, 2024. Abacus is a leader in alternative asset management, specializing in longevity and actuarial technology, with $5 billion in policies purchased since 2004.



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