The analytics and information solutions provider said underwriters exercised their full option, lifting the share sale to 1.916 million shares and estimated net proceeds to about $108.6 million.
Red Violet has closed its underwritten public offering after selling 1,916,667 common shares, including 250,000 shares issued after underwriters exercised their option in full, and said it expects about $108.6 million in net proceeds. The offering had been priced on Aug. 5 at $60 a share for an initial 1,666,667 shares, with expected gross proceeds of $100 million before discounts, commissions and expenses and a 30-day option for the additional shares. The analytics and information solutions provider said it will use the proceeds for working capital and general corporate purposes, including potential strategic acquisitions. Raymond James and Needham & Company acted as joint book-running managers and representatives of the underwriters, with B. Riley Securities and Craig-Hallum as co-managers, Lake Street Capital Markets as financial advisor, Akerman LLP as company counsel and Cooley LLP as counsel to the underwriters. The sale was made under a shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission on Nov. 19, 2025 and declared effective on Nov. 25, 2025, and a final prospectus supplement has been filed.