M&A - MGP INGREDIENTS INC

Form Type: S-3ASR

Filing Date: 2025-02-26

Corporate Action: Merger

Type: New

Accession Number: 000110465925017235

Filing Summary: On February 26, 2025, MGP Ingredients, Inc. filed a registration statement under Form S-3 to register the resale of 4,892,201 shares of common stock. These shares were originally issued to stockholders of London HoldCo, Inc. as part of a merger completed on April 1, 2021. The merger involved the acquisition of HoldCo, and the selling stockholders may sell these shares on the Nasdaq Global Select Market or in negotiated transactions. The company will not receive any proceeds from these sales. The prospectus also highlights risks involved, including the potential decline in stock price and specifics on the usage of proceeds from the sale, which will not benefit MGP directly. This filing establishes a shelf offering registration enabling the selling stockholders to sell their shares intermittently over time, in accordance with SEC guidelines.