The selling stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 3,075,000 shares of the Company’s common stock. Alliance Laundry will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares of its common stock being offered by the selling stockholder. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed.
As part of the Offering, the Company intends to purchase from the underwriters shares of common stock at a price per share equal to the price per share at which the underwriters will purchase shares of common stock from the selling stockholder for an aggregate repurchase price of approximately $75 million (the "Share Repurchase"), subject to the completion of the Offering. The underwriters will not receive any underwriting fees for the shares being repurchased by the Company. The completion of the Share Repurchase is conditioned upon the completion of the Offering.
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