Greenberg Traurig Represents ARKO Petroleum Corp. in $200M Initial Public Offering

Rhea-AI Summary

ARKO Petroleum Corp (Nasdaq: APC) completed a $200 million initial public offering, closing Feb. 13 with approximately $183.2 million net proceeds. The IPO sold 11,111,111 Class A shares at $18 per share and began trading on the Nasdaq Capital Market under the symbol APC.

At closing, parent ARKO Corp retained ~75.9% economic interest and ~94% combined voting power in APC.

Positive

• $200M IPO completed, providing immediate public capital
• Net proceeds of $183.2M to fund operations or growth
• Listing on Nasdaq Capital Market increases liquidity and market visibility

Negative

• Limited public float as ARKO Corp holds ~75.9% economic interest
• Concentrated voting control with ARKO Corp holding ~94% combined voting power

News Market Reaction – APC

-0.31%

1 alert

-0.31% News Effect

On the day this news was published, APC declined 0.31%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

IPO size: $200 million Net IPO proceeds: $183.2 million Shares offered: 11,111,111 shares +5 more

8 metrics

IPO size $200 million Initial public offering of ARKO Petroleum Corp.

Net IPO proceeds $183.2 million Net proceeds to ARKO Petroleum Corp. from IPO

Shares offered 11,111,111 shares Class A common stock in IPO

IPO price $18 per share IPO pricing of Class A common stock

Parent economic interest 75.9% ARKO Corp. economic interest after IPO

Parent voting power 94.0% ARKO Corp. combined voting power after IPO

Credit facility line $84.0 million APC PNC Line of Credit under new secured revolving facility

Insider purchase 20,000 shares at $18.00 Director Avram Z. Friedman open-market buy on Feb. 13, 2026

Market Reality Check

Price: $18.98 Vol: Volume 228,852 vs 20-day ...

low vol

$18.98 Last Close

Volume Volume 228,852 vs 20-day average 738,587 suggests subdued trading interest. low

Technical Price $19.23 is above 200-day MA at $18.32 and 1.38% below 52-week high.

Market Pulse Summary

This announcement centers on ARKO Petroleum Corp.’s completed $200 million IPO, which delivered net ...

Analysis

This announcement centers on ARKO Petroleum Corp.’s completed $200 million IPO, which delivered net proceeds of $183.2 million at $18 per share for 11,111,111 Class A shares. Filings show ARKO Corp. retaining 75.9% economic interest and 94.0% voting power, while new 13G holders and a 20,000-share insider purchase signal institutional and insider participation. A new $84.0 million revolving credit facility and intercompany agreements also frame the post-IPO capital and governance structure.

Key Terms

initial public offering, class a common stock, nasdaq capital market, schedule 13g, +4 more

8 terms

initial public offering financial

"in connection with its $200 million initial public offering (IPO)."

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

class a common stock financial

"The IPO consisted of 11,111,111 shares of Class A common stock, which priced at $18"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

nasdaq capital market financial

"approved for listing on the Nasdaq Capital Market under the symbol "APC,""

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

schedule 13g regulatory

"reports a Schedule 13G filing showing Cushing Asset Management, LP"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficial ownership regulatory

"reports beneficial ownership of 919,510 Class A common shares, representing 8.28%"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

form 4 regulatory

"director Avram Z. Friedman reported an open-market purchase of company stock. On"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

form 3 regulatory

"filed a Form 3, which is an initial statement of beneficial ownership"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

revolving credit facility financial

"A new secured revolving credit facility, the APC PNC Facility, provides"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

AI-generated analysis. Not financial advice.

MIAMI, Feb. 23, 2026 /PRNewswire/ -- Global law firm Greenberg Traurig, LLP represented wholesale fuel distributor ARKO Petroleum Corp. (Nasdaq: APC), a subsidiary of ARKO Corp. (Nasdaq: ARKO), in connection with its $200 million initial public offering (IPO). The offering closed Feb. 13 and provided the company with net proceeds of approximately $183.2 million.

The IPO consisted of 11,111,111 shares of Class A common stock, which priced at $18 per share. The shares were approved for listing on the Nasdaq Capital Market under the symbol "APC," and trading began Feb. 12, according to the company press release.

Greenberg Traurig's representation of ARKO Petroleum Corp. and longtime client ARKO Corp. was led by Drew M. Altman, co‑chair of the Miami Corporate Practice, with Win Rutherfurd, Boston and Miami Corporate shareholder, and Theodore I. Blum, chair of the Atlanta office and chair of the Atlanta Corporate Practice.

Additional team members include Miami Tax Shareholder L. Frank Cordero, Delaware Corporate Shareholder Nathan P. Emeritz, Northern Virginia Tax Shareholder Robert D. Simon, San Francisco Corporate Of Counsel Tingying (Diana) Liu, Miami Corporate Associates Jennifer Hicks Sagarduy, Ashelin Myus, and Cesar Fischer, Washington, D.C., Corporate Associate Macy K. Nix, Boston Corporate Associate Douglas M. Horan, Delaware Corporate Associate Grace E. Venit, Miami Tax Associate Maria Walker, and Corporate Law Clerk Angel A. Marcial.

ARKO Petroleum is one of the largest wholesale fuel distributors in North America, supplying fuel across more than 30 U.S. states. At closing, ARKO Corp. owned approximately 75.9% of APC's economic interest and 94% of the combined voting power of its outstanding common stock.

About Greenberg Traurig's Corporate Practice: Greenberg Traurig's Corporate Practice comprises more than 700 lawyers in the United States, Europe, Asia, the Middle East and Latin America who regularly advise public and privately held companies, entrepreneurs and investment funds on global mergers and acquisitions, corporate restructurings, private equity and venture capital, underwritten and syndicated offerings, commercial finance and syndicated lending, cross-border transactions, and general corporate matters. The group's industry experience includes transactions in a wide range of fields, from the pharmaceutical, medical devices, and life sciences fields, to representations involving clients in the aviation, banking, consumer products, energy, food and beverage, health care, manufacturing, media, technology, and telecommunications sectors.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 3,000 attorneys across 51 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm's broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries. Recognized as a 2025 BTI "Best of the Best Recommended Law Firm" by general counsel for trust and relationship management, Greenberg Traurig is consistently ranked among the top firms on the Am Law Global 100, NLJ 500, and Law360 400. Greenberg Traurig is also known for its philanthropic giving, culture, innovation, and pro bono work. Web: www.gtlaw.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/greenberg-traurig-represents-arko-petroleum-corp-in-200m-initial-public-offering-302693717.html

SOURCE Greenberg Traurig, LLP

FAQ

What were the key terms of ARKO Petroleum Corp's (APC) $200M IPO on Feb. 13, 2026?

The IPO sold 11,111,111 Class A shares at $18 per share, raising $200M gross. According to the company, net proceeds were about $183.2M after offering expenses.

When did APC begin trading on Nasdaq and under which symbol?

Trading began on Feb. 12, 2026 under the symbol APC. According to the company, shares were approved for listing on the Nasdaq Capital Market and trading started that date.

How much did ARKO Petroleum Corp receive in net proceeds from the IPO (APC)?

ARKO Petroleum received approximately $183.2 million in net proceeds from the offering. According to the company, this reflects gross proceeds of $200 million less offering expenses.

How does ARKO Corp's ownership affect APC shareholders after the IPO?

ARKO Corp retained roughly 75.9% economic interest and 94% voting power, limiting public influence. According to the company, majority control remains with the parent post-IPO.

How many shares did APC sell in the IPO and what was the share price?

The offering consisted of 11,111,111 Class A shares priced at $18 per share. According to the company, those terms produced the $200 million gross offering size.