UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Events.
As previously disclosed, on April 19, 2024, APi Group Corporation (the “Company”) closed its previously announced offering of 11,000,000 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”) pursuant to the Company’s effective automatic shelf registration statement on Form S-3 (File No. 333-271651) previously filed with the Securities and Exchange Commission (the “SEC”), raising approximately $398.1 million in net proceeds after deducting underwriting discounts and before offering expenses. Pursuant to the Underwriting Agreement, dated April 16, 2024 (the “Underwriting Agreement”), by and among the Company and Citigroup Global Markets Inc., BofA Securities, Inc. and UBS Securities LLC, as representatives (the “Representatives”) for the several underwriters named in Schedule II thereto (the “Underwriters”), the Underwriters were granted a 30-day option (the “Option”) to purchase up to an additional 1,650,000 shares of Common Stock (the “Option Shares”) from the Company on the same terms and conditions.
On April 24, 2024, the Representatives notified the Company that they had elected to exercise the Option in full. The offering of the Option Shares closed on April 25, 2024, raising an additional approximately $59.7 million in net proceeds after deducting underwriting discounts and before offering expenses.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| API GROUP CORPORATION | ||
| By: | /s/ Louis Lambert | |
| Name: | Louis Lambert | |
| Title: | Senior Vice President, General Counsel and Secretary | |
Date: April 25, 2024