Andersen Announces Closing of Secondary Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares

Key Terms

secondary offering financial

A secondary offering is when a company sells new shares of its stock to the public after its initial sale. This allows existing shareholders or the company itself to raise additional money. For investors, it can impact the stock’s price by increasing the total number of shares available, which may influence the stock’s value and how the market perceives the company’s financial health.

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underwritten public offering financial

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

registration statement regulatory

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus financial

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

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SAN FRANCISCO--(BUSINESS WIRE)-- Andersen Group Inc. (NYSE: ANDG), a leading independent provider of tax, valuation and financial advisory services to individuals, family offices, businesses and alternative investment funds in the United States, today announced the closing of an underwritten public offering of 4,927,125 shares of its Class A common stock by certain selling stockholders, which included the exercise in full of the underwriters’ option to purchase an additional 642,668 shares of Class A common stock at a public offering price of $44.00 per share. Gross proceeds to the selling stockholders were approximately $216.8 million, before underwriting discounts and commissions and other offering expenses. Andersen did not sell any shares in the offering and did not receive any proceeds from the sale of shares by the selling stockholders.

Baird, Truist Securities and UBS Investment Bank acted as lead book-running managers and William Blair acted as additional book-running manager.

The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering are available from:

• Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, Wisconsin 53202; phone: (800) 792-2473; email: syndicate@rwbaird.com;
• Truist Securities, Inc., Attention: Equity Capital Markets, 740 Battery Ave SE, 3^rd Floor, Atlanta, Georgia 30339; phone: (800) 685-4786; email: truistsecurities.prospectus@truist.com;
• UBS Securities LLC, Attention: Prospectus Department, 11 Madison Avenue, New York, New York 10010; email: ol-prospectus-request@ubs.com.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and was declared effective on August 19, 2026. This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, and there shall be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under that state’s or jurisdiction’s securities laws.

About Andersen

Andersen is a leading provider of independent tax, valuation and financial advisory services to individuals, family offices, businesses and alternative investment funds in the United States. Andersen’s differentiated approach to client service is rooted in core values that emphasize stewardship, transparency and the seamless delivery of independent, high-quality service. Worldwide, Andersen’s presence spans more than 180 countries through its global platform of member and collaborating firms delivering tax, legal, valuation and consulting services across more than 1,000 locations with over 3,000 partners and 50,000 professionals.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260820859241/en/

Gregory Vistica, Managing Director, Investor Relations
greg.vistica@andersen.com

Source: Andersen