ARKO Corp. and ARKO Petroleum Corp. Announce Closing of ARKO Petroleum Corp.’s Initial Public Offering

ARKO (Nasdaq: ARKO) and ARKO Petroleum (Nasdaq: APC) announced the closing of APC’s IPO on Feb 13, 2026.

Rhea-AI Summary

ARKO (Nasdaq: ARKO) and ARKO Petroleum (Nasdaq: APC) announced the closing of APC’s IPO on Feb 13, 2026. APC sold 11,111,111 Class A shares at $18.00 per share, with total net proceeds of approximately $183.2 million.

ARKO retains 35,000,000 Class B shares, representing 75.9% economic interest and 94.0% combined voting power (73.3% economic interest and 93.2% voting power if over-allotment exercised). APC’s Class A shares trade under APC on Nasdaq.

Positive

• Net proceeds of $183.2 million from the IPO
• ARKO retains 75.9% economic interest in APC post-IPO
• 94.0% combined voting power retained by ARKO (pre-over-allotment)

Negative

• Public float limited by ARKO’s high residual ownership, reducing free-float liquidity
• Underwriters hold a 30-day 1.67M share option, which may modestly increase supply

Argus Feb 17 session

-3.16% close to close Open Argus

Details

News Market Reaction – ARKO

On Feb 17, the day this news came out, ARKO closed 3.16% below the previous close.

Data tracked by StockTitan Argus for the Feb 17 session.

Key Figures

IPO shares issued: 11,111,111 shares IPO price: $18.00 per share Over-allotment option: 1,666,666 shares +5 more

IPO shares issued

11,111,111 shares

APC Class A common stock sold in IPO

IPO price

$18.00 per share

APC Class A IPO price to the public

Over-allotment option

1,666,666 shares

Additional APC Class A shares for underwriters’ 30-day option

Net proceeds

$183.2 million

Total net proceeds from APC’s IPO

ARKO APC Class B stake

35,000,000 shares

ARKO ownership of APC Class B common stock post‑IPO

Economic interest

75.9%

ARKO’s economic interest in APC post‑IPO

Voting power

94.0%

ARKO’s combined voting power in APC post‑IPO

Underwriter option period

30 days

Duration of over-allotment option at IPO price

Previous IPO,offering Reports

3 past events · Latest: Feb 11

Same Type 3 events

1. Feb 11

   IPO pricing

   24h Move

   -2.5%

   Announced final pricing and size of APC’s IPO ahead of trading debut.

2. Feb 03

   IPO launch

   24h Move

   +11.8%

   Launched APC IPO roadshow targeting capital raise with defined price range.

3. Dec 19

   IPO filing

   24h Move

   -2.2%

   Filed Form S-1 for APC, outlining structure and business scope of the spin.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

initial public offering, class a common stock, class b common stock, over-allotments, +2 more

6 terms

initial public offering financial

"announced the closing on February 13, 2026 of APC’s initial public offering"

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

"IPO of 11,111,111 shares of its Class A common stock at a price"

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.

class b common stock financial

"ARKO owned 35,000,000 shares of APC's Class B common stock"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

over-allotments financial

"option to purchase up to an additional 1,666,666 shares ... to cover over-allotments"

An over-allotment is a temporary extra batch of shares that the underwriters of a stock offering are allowed to sell beyond the original amount, with the right to buy those shares back later. Think of it as spare tickets sold to meet demand and then reclaimed if needed to keep the market orderly; it helps stabilize the stock price after an offering and can affect short-term supply and potential dilution, which matters to investors tracking price and ownership stakes.

registration statement on form s-1 regulatory

"A registration statement on Form S-1 relating to these securities was declared effective"

A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.

prospectus regulatory

"The IPO was made only by means of a prospectus. A copy of the final prospectus"

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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RICHMOND, Va., Feb. 17, 2026 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO”) and ARKO Petroleum Corp. (Nasdaq: APC) (“APC”), today announced the closing on February 13, 2026 of APC’s initial public offering (the “IPO”) of 11,111,111 shares of its Class A common stock at a price to the public at $18.00 per share (the “IPO Price”). In addition, APC has granted the underwriters a 30-day option to purchase up to an additional 1,666,666 shares of APC’s Class A common stock to cover over-allotments, if any, at the IPO Price, less underwriting discounts and commissions. The total net proceeds from the offering were approximately $183.2 million. APC’s Class A common stock is listed on the Nasdaq Capital Market under the symbol “APC.”

Upon the closing of the IPO, ARKO owned 35,000,000 shares of APC's Class B common stock, representing 75.9% of the economic interests in APC and 94.0% of the combined voting power of APC’s Class A common stock and Class B common stock (or 73.3% of the economic interests in APC and 93.2% of the combined voting power if the underwriters exercise their over-allotment).

UBS Investment Bank, Raymond James and Stifel served as lead book-running managers in the IPO. Mizuho and Capital One Securities acted as joint book-running managers in the IPO.

A registration statement on Form S-1 relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “Commission”) on February 11, 2026. Copies of the registration statement can be accessed through the Commission’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any 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 the securities laws of any such state or jurisdiction.

The IPO was made only by means of a prospectus. A copy of the final prospectus related to the IPO may be obtained from UBS Securities LLC, Attention: Prospectus Department, 11 Madison Avenue, New York, New York 10010, by telephone at (888) 827-7275 or by email at ol-prospectus-request@ubs.com; Raymond James & Associates, Inc., Attention: Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716, by telephone at (800) 248-8863 or by email at prospectus@raymondjames.com; or Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, 1201 Wills Street, Suite 600 Baltimore, MD 21231, by telephone at (855) 300-7136 or by email at syndprospectus@stifel.com.

About ARKO Corp.

Based in Richmond, VA, ARKO Corp. (Nasdaq: ARKO) is a Fortune 500 company that is one of the largest operators of convenience stores and wholesalers of fuel in the United States. ARKO Corp. operates, directly or through its majority ownership of ARKO Petroleum Corp., in four reportable segments: retail, which includes convenience stores selling merchandise and fuel products to retail customers through our highly recognizable Family of Community Brands; wholesale, which supplies fuel to independent dealers and consignment agents; fleet fueling, which includes the operation of proprietary and third-party cardlock locations, and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites; and GPM Petroleum, which sells and supplies fuel to substantially all of our retail sites and ARKO Petroleum Corp.’s wholesale sites and charges a fixed fee, primarily to ARKO Petroleum Corp.’s fleet fueling sites.

About ARKO Petroleum Corp.

ARKO Petroleum Corp. (Nasdaq: APC) is a growth-oriented, fuel distribution company and one of the largest wholesale fuel distributors by gallons in North America, supplying customers in more than 30 states across the Mid-Atlantic, Midwestern, Northeastern, Southeastern, and Southwestern United States.

Media Contact
Jordan Mann
ARKO Corp.
ARKO Petroleum Corp.
investors@gpminvestments.com

Investor Contact
Sean Mansouri, CFA
Elevate IR
(720) 330-2829
ARKO@elevate-ir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did ARKO Petroleum (APC) sell in the Feb 13, 2026 IPO?

APC sold 11,111,111 Class A shares at $18.00 per share. According to ARKO, the offering closed on Feb 13, 2026 and generated net proceeds of about $183.2 million, before potential over-allotment sales.

What stake does ARKO (ARKO) retain in APC after the IPO?

ARKO retains 35,000,000 Class B shares, representing 75.9% economic interest. According to ARKO, that holding also represents 94.0% of combined voting power prior to any over-allotment.

Under what Nasdaq symbol does APC trade and when did listing occur?

APC’s Class A common stock is listed on Nasdaq under APC. According to ARKO, the IPO closed on Feb 13, 2026 and shares began trading on the Nasdaq Capital Market thereafter.

How much potential additional supply could underwriters add to APC shares?

Underwriters have a 30-day option for 1,666,666 shares to cover over-allotments. According to ARKO, that option may be exercised at the IPO price less discounts and commissions, modestly increasing share supply.

Who led the APC IPO underwriting and where can the prospectus be obtained?

UBS, Raymond James and Stifel served as lead book-running managers. According to ARKO, the final prospectus is available from UBS, Raymond James, and Stifel via their syndicate contacts.

What were the gross and net proceeds from APC’s IPO and how material are they?

The offering price was $18.00 per share, and net proceeds were about $183.2 million. According to ARKO, that figure reflects proceeds after underwriting discounts and commissions, before any exercise of over-allotment.