Zeta Global Holdings Corp. (“Zeta”) (NYSE:
ZETA), the AI-Powered Marketing Cloud, announced today the pricing
of an underwritten public offering of 13,200,000 shares of its
Class A common stock at a public offering price of $23.50 per
share, before deducting underwriting discounts and commissions.
Zeta is offering 8,720,716 shares and GPI Capital Gemini HoldCo LP
(the “Selling Stockholder”) is offering 4,479,284 shares. Zeta and
the Selling Stockholder have granted the underwriters a 30-day
option to purchase up to an additional 1,584,000 and 396,000
shares, respectively, at the public offering price, less
underwriting discounts and commissions. The offering is expected to
close on September 6, 2024, subject to the satisfaction of
customary closing conditions.
The gross proceeds to Zeta from the offering, before deducting
underwriting discounts and commissions and estimated offering
expenses payable by Zeta, are expected to be $204.9 million. Zeta
intends to use the net proceeds for general corporate purposes
which may include future acquisitions. Zeta will not receive any of
the proceeds from the sale of shares by the Selling Stockholder in
the offering.
Morgan Stanley, Goldman Sachs & Co. LLC, BofA Securities,
Citigroup, and KKR Capital Markets LLC are acting as joint
book-running managers for the Offering. RBC Capital Markets, Truist
Securities and KeyBanc Capital Markets are acting as book-runners
for the proposed offering. William Blair, Canaccord Genuity,
Needham & Company, Roth Capital Partners, Craig-Hallum, and
D.A. Davidson & Co. are acting as co-managers for the
offering.
The public offering is being made pursuant to an automatic shelf
registration statement on Form S-3 that was filed by Zeta with the
U.S. Securities and Exchange Commission (the “SEC”) and
automatically became effective upon filing. A preliminary
prospectus supplement and accompanying prospectus relating to and
describing the terms of the offering have been filed with the SEC
and are available on the SEC’s website at www.sec.gov. When
available, copies of the final prospectus supplement and
accompanying prospectus may be obtained by contacting: Morgan
Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, NY 10014; Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, New
York 10282, by phone at 1-866-471-2526, by facsimile at
1-212-902-9316, or by email at: prospectus-ny@ny.email.gs.com; BofA
Securities, Attention: Prospectus Department, NC1-022-02-25, 201
North Tryon Street, Charlotte, North Carolina 28255-0001, by phone
at 1-800-294-1322, or by email: dg.prospectus_requests@bofa.com;
Citigroup Global Markets Inc. at 388 Greenwich Street, New York,
New York 10013, Attention: General Counsel, facsimile number: +1
(646) 291-1469, or KKR Capital Markets LLC, Attention: Prospectus
Delivery, 30 Hudson Yards, 75th Floor, New York, NY 10001.
This release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
Forward-Looking Statements
This press release, together with other statements and
information publicly disseminated by the Company, contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The Company intends
such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 and includes this
statement for purposes of complying with these safe harbor
provisions. Any statements made in this press release that are not
statements of historical fact, including those relating to the
completion of the offering and the anticipated use of proceeds from
the offering are forward-looking statements and should be evaluated
as such. Forward-looking statements include information concerning
our anticipated future financial performance, our market
opportunities and our expectations regarding our business plan and
strategies. These statements often include words such as
“anticipate,” “believe,” “could,” “estimates,” “expect,”
“forecast,” “intend,” “may,” “plan,” “projects,” “should,”
“suggests,” “targets,” “will,” “would” or the negative of these
terms or other similar expressions. We base these forward-looking
statements on our current expectations, plans and assumptions that
we have made in light of our experience in the industry, as well as
our perceptions of historical trends, current conditions, expected
future developments and other factors we believe are appropriate
under the circumstances at such time. Although we believe that
these forward-looking statements are based on reasonable
assumptions at the time they are made, you should be aware that
many factors could affect our business, results of operations and
financial condition and could cause actual results to differ
materially from those expressed in the forward-looking statements.
These statements are not guarantees of future performance or
results.
The forward-looking statements are subject to and involve risks,
uncertainties and assumptions, and you should not place undue
reliance on these forward-looking statements. Factors that may
materially affect such forward-looking statements include, but are
not limited to: the important factors discussed in Item 1A of
Zeta’s Annual Report on Form 10-K for the year ended December 31,
2023, and Forms 10-Q and 8-K subsequently filed with the SEC. Such
statements in this release are based upon information available to
Zeta as of the date of this release, and while Zeta believes such
information forms a reasonable basis for such statements, such
information may be limited or incomplete, and such statements
should not be read to indicate that Zeta has conducted an
exhaustive inquiry into, or review of, all potentially available
relevant information. These statements are inherently uncertain and
investors are cautioned not to unduly rely upon these statements.
Zeta qualifies all of its forward-looking statements by these
cautionary statements. Except as required by applicable law, Zeta
does not plan to publicly to update or revise any forward-looking
statements contained in this release, whether as a result of any
new information, future events.
About Zeta
Zeta Global (NYSE: ZETA) is the AI-Powered Marketing Cloud that
leverages advanced artificial intelligence (AI) and trillions of
consumer signals to make it easier for marketers to acquire, grow,
and retain customers more efficiently. Through the Zeta Marketing
Platform (ZMP), our vision is to make sophisticated marketing
simple by unifying identity, intelligence, and omnichannel
activation into a single platform – powered by one of the
industry’s largest proprietary databases and AI. Our enterprise
customers across multiple verticals are empowered to personalize
experiences with consumers at an individual level across every
channel, delivering better results for marketing programs. Zeta was
founded in 2007 by David A. Steinberg and John Sculley and is
headquartered in New York City with offices around the world.
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version on businesswire.com: https://www.businesswire.com/news/home/20240904153495/en/
Investor Relations Scott Schmitz ir@zetaglobal.com
Press James A. Pearson press@zetaglobal.com
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