Pet Valu Holdings Ltd. Announces Closing of C$22.5 Million Full Exercise of Over-Allotment Option

Core Points - Pet Valu Holdings Ltd. announced the closing of a secondary bought deal offering of 5,200,000 common shares at a price of C$28.85 per share, with an additional 780,000 shares purchased through the over-allotment option, resulting in gross proceeds of approximately C$172.5 million for the selling shareholders [1][2] Group 1: Offering Details - The offering was led by RBC Capital Markets and CIBC Capital Markets, along with a syndicate of underwriters including Barclays Capital Canada, Desjardins Securities Inc., Jefferies Securities, Inc., National Bank Financial Inc., Raymond James Ltd., TD Securities Inc., UBS Securities Canada Inc., and ATB Securities Inc [3] - All net proceeds from the offering have been paid directly to the selling shareholders, with the company not receiving any proceeds from the offering or the over-allotment option [2] Group 2: Shareholder Information - Following the offering, the selling shareholders beneficially own a total of 19,969,450 common shares, representing approximately 29% of the outstanding common shares [2] Group 3: Company Overview - Pet Valu is Canada's leading retailer of pet food and pet-related supplies, operating over 800 corporate-owned or franchised locations across the country [6] - The company offers more than 10,000 competitively-priced products, including exclusive, holistic, and award-winning proprietary brands [6]