Andersen Announces Launch of Secondary Offering

Key Terms

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.

selling stockholders financial

Selling stockholders are existing owners of a company's shares who are offering some or all of their holdings for sale, often as part of a public offering or secondary transaction. For investors this matters because such sales increase the number of shares available to buy, can signal how confident current owners are about future prospects, and may put short-term pressure on the stock price similar to more tickets being released for a popular event.

lead book-running managers financial

Lead book-running managers are the primary investment banks hired to organize and public sale of new shares; they coordinate marketing to buyers, gather and measure investor interest, recommend the offering price, and decide who gets allocated shares. For investors this matters because these firms shape how fairly and widely an offering is distributed, influence the initial price and short-term market support, and lend credibility—similar to a project manager and promoter running a major product launch.

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.

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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 across the United States, today announced the launch of a proposed underwritten public offering of 4,284,457 shares of its Class A common stock by certain selling stockholders, subject to market and other conditions. The selling stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 642,668 shares of Class A common stock at the public offering price, less underwriting discounts and commissions.

Andersen is not selling any shares in the proposed offering and will not receive any proceeds from the sale of shares by the selling stockholders.

Baird, Truist Securities and UBS Investment Bank are serving as lead book-running managers for the proposed offering with William Blair acting as additional book-running manager.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus 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 SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. 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 where such offer, solicitation or sale would be unlawful prior to registration or qualification under that state’s or jurisdiction’s securities laws.

About Andersen Group Inc.

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.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

Forward-looking statements may include, but are not limited to, statements regarding our outlook, guidance, strategies, plans, objectives, expectations and intentions, and are often identified by words such as “may,” “will,” “should,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “forecast,” “target,” “project,” or similar expressions.

These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are outside our control. Important factors that could cause actual results to differ materially include, but are not limited to, economic conditions, competitive pressures, changes in customer demand, regulatory developments, technological changes, and other risks described in our filings with the Securities and Exchange Commission (SEC), including our most recent Form 10-K and subsequent Form 10-Q filings.

We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260817736701/en/

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

Source: Andersen