Karooooo Ltd., a company listed on the Nasdaq Capital Market under the symbol "KARO," has announced the filing of a Registration Statement on Form F-3 with the Securities and Exchange Commission $(SEC.UK)$ related to its secondary public offering. This filing, declared effective by the SEC on July 22, 2024, pertains to the offering of 1,500,000 ordinary shares held by CEO Isaias (Zak) Jose Calisto. The shares are priced at $50.00 each, aiming for total gross proceeds of approximately $75 million. The offering, expected to close on June 13, 2025, includes a 30-day option for underwriters to purchase an additional 225,000 shares. Importantly, Karooooo will not receive any proceeds from this sale, as it is not selling any shares itself. Investors can access detailed information through the SEC's website or by contacting the involved financial institutions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.