IPO - MATTHEWS INTERNATIONAL CORP

Form Type: 424B5

Filing Date: 2025-03-11

Corporate Action: Ipo

Type: New

Accession Number: 000119312525052046

Filing Summary: Matthews International Corporation is conducting an offering of 1,250,000 shares of Class A Common Stock through an equity distribution agreement with Truist Securities, Inc., dated March 11, 2025. The shares are being offered in at-the-market offerings on Nasdaq, which allows sales directly on the market or through negotiated transactions based on prevailing market prices. The company expects to use the net proceeds for general corporate purposes, including acquisitions and repaying existing debts. The last sale price of its common stock on Nasdaq as of March 10, 2025, was $23.64 per share. The company has a history dating back to 1850 and operates in three segments: Memorialization, Industrial Technologies, and Brand Solutions. It recently entered into a contribution agreement to sell its SGK Brand Solutions business to a new entity, receiving $250,000 in cash, $50,000 in preferred equity, and retaining a 40% interest in the new entity.