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 – ARKO

-0.66%

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-0.66% News Effect

On the day this news was published, ARKO declined 0.66%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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.

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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.