BIRMINGHAM, Mich., Nov. 27,
2024 /PRNewswire/ -- OneStream, Inc. ("OneStream")
(Nasdaq: OS) announced today that in connection with the previously
announced underwritten public offering of 15,000,000 shares of its
Class A common stock, which closed on November 18, 2024, the underwriters have
exercised in full their option to purchase an additional 2,250,000
shares of Class A common stock at the public offering price of
$31.00 per share, less underwriting
discounts and commissions. Of the additional shares, 1,351,043
shares were sold by selling stockholders and 898,957 shares were
sold by OneStream as part of a non-dilutive "synthetic secondary"
transaction (the "Synthetic Secondary").
OneStream did not receive any proceeds from the sale of shares
by the selling stockholders in the public offering. OneStream used
all of the net proceeds to it from the public offering to purchase
LLC units of OneStream Software LLC (and purchase and cancel
an equal number of shares of Class C common stock) from KKR Dream
Holdings LLC in the Synthetic Secondary, at a purchase price per
unit equal to the public offering price per share of Class A common
stock sold in the public offering, net of underwriting discounts
and commissions. Accordingly, OneStream did not retain any proceeds
from the public offering and, upon the closing of the public
offering and the Synthetic Secondary, the total number of
outstanding shares of common stock of OneStream and LLC units of
OneStream Software LLC remained the same.
Morgan Stanley, J.P. Morgan and KKR acted as lead book-running
managers for the offering. Citigroup, BofA Securities and
Guggenheim Securities acted as book-running managers and Mizuho,
Raymond James, Scotiabank, Truist
Securities, BTIG, Piper Sandler, TD Cowen and Wolfe | Nomura Alliance acted as additional book-running
managers for the offering. Amerivet Securities, Blaylock Van, LLC, Cabrera Capital Markets LLC,
Drexel Hamilton and Loop Capital
Markets acted as co-managers for the offering.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission and was declared
effective on November 14, 2024. The
offering was made only by means of a prospectus. Copies of the
prospectus relating to this offering may be obtained from: Morgan
Stanley & Co. LLC, Prospectus Department, 180 Varick Street,
New York, New York 10014, or
email: prospectus@morganstanley.com; and J.P. Morgan Securities
LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or email:
prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About OneStream
OneStream is how today's Finance teams can go beyond just
reporting on the past and Take Finance Further by steering the
business to the future. It's the leading enterprise finance
platform that unifies financial and operational data, embeds AI for
better decisions and productivity, and empowers the CFO to become a
critical driver of business strategy and execution.
We deliver a comprehensive cloud-based platform to modernize the
Office of the CFO. Our Digital Finance Cloud unifies core financial
and broader operational data and processes and embeds AI for better
planning and forecasting, with an extensible architecture, so
customers can adopt and develop new solutions, achieving greater
value as their business needs evolve.
With over 1,500 customers, including 15% of the Fortune 500,
more than 250 go-to-market, implementation, and development
partners and over 1,400 employees, our vision is to be the
operating system for modern finance.
Disclaimer
"Wolfe | Nomura Alliance" is the
marketing name used by Wolfe Research Securities and Nomura
Securities International, Inc. in connection with certain equity
capital markets activities conducted jointly by the firms. Both
Nomura Securities International, Inc. and WR Securities, LLC are
serving as underwriters in the offering described herein. In
addition, WR Securities, LLC and certain of its affiliates may
provide sales support services, investor feedback, investor
education, and/or other independent equity research services in
connection with this offering.
Investor Relations Contacts
INVESTOR CONTACT
Anne Leschin
VP, Investor Relations and Strategic Finance
OneStream
investors@onestreamsoftware.com
MEDIA CONTACT
Victoria Borges
Media Relations Contact
OneStream
media@onestreamsoftware.com
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SOURCE OneStream, Inc.
