Tender Offer - IZEA Worldwide, Inc.
Form Type: SC TO-I
Filing Date: 2025-05-16
Corporate Action: Tender-offer
Type: New
Accession Number: 000149523125000107
Filing Summary: IZEA Worldwide, Inc. filed a Tender Offer Statement on Schedule TO to purchase up to $8,700,000 worth of its common stock at a price range of $2.30 to $2.80 per share, net to the seller in cash. The Offer complies with Rule 13e-4 of the Securities Exchange Act of 1934. The document includes the details of the offer, including the address of the subject company and information about the offer's terms and conditions as set forth in the attached Offer to Purchase and Letter of Transmittal. The filing states that as of May 12, 2025, there are approximately 16,926,102 shares of common stock issued and outstanding. The offer is structured as an issuer tender offer and does not require any regulatory approvals. The filing also mentions the engagement of Broadridge Financial Solutions, LLC as the Depositary and MacKenzie Partners as the Information Agent.
Additional details:
Issuer Name: IZEA Worldwide, Inc.
Offer Value: $8,700,000
Price Per Share Min: $2.30
Price Per Share Max: $2.80
Cusip Number: 46604H204
Contact Name: Patrick Venetucci
Contact Title: Chief Executive Officer
Contact Address: 1317 Edgewater Drive, #1880, Orlando, FL 32804
Contact Phone: (407) 674-6911
Form Type: SC TO-C
Filing Date: 2025-05-13
Corporate Action: Tender-offer
Type: New
Accession Number: 000149523125000103
Filing Summary: IZEA Worldwide, Inc., a leading influencer marketing company, announced its intention to commence a modified Dutch auction tender offer to repurchase up to $8.7 million of its common stock. The tender offer will allow stockholders to sell shares at a price not less than $2.30 and not more than $2.80 per share, reflecting a price that is approximately 120% of the company's 90-day volume-weighted average purchase price of $2.29 as of May 12, 2025. The offer is set to commence on May 16, 2025, and will expire on June 16, 2025, unless extended or terminated. The company encourages stockholders to review the tender offer statement and related materials once available, which will be filed with the SEC. This announcement serves as preliminary communication before the commencement of the tender offer, with no offer being made yet in any jurisdiction where it would be unlawful.
Additional details:
Title Of Class: Common Stock
Cusip Number: 46604H204
Maximum Tender Offer Price: 2.80
Minimum Tender Offer Price: 2.30
Total Amount Repurchased: 8,700,000
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