IPO - Hamilton Lane INC

Form Type: 8-K

Filing Date: 2025-02-12

Corporate Action: Ipo

Type: New

Accession Number: 000143364225000023

Filing Summary: On February 10, 2025, Hamilton Lane Incorporated and a selling stockholder entered into an underwriting agreement with Morgan Stanley & Co. LLC for the sale of 1,572,536 shares of Class A common stock at a price of $159.00 per share. The offering closed on February 12, 2025, with Hamilton Lane issuing 1,562,281 shares and the selling stockholder selling 10,255 shares. The offering generated net proceeds of $248.4 million for the company and $1.6 million for the selling stockholder. The proceeds are intended to settle cash exchanges of membership units in Hamilton Lane Advisors, L.L.C. held by certain members. The Underwriting Agreement includes customary representations, warranties, and indemnification provisions. Post-offering, the company agreed not to sell or transfer any Class A Common Stock for 45 days without the underwriter's consent. The offering was registered under an effective shelf registration statement filed with the SEC on November 14, 2024.

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