03/09/2026 | Press release | Distributed by Public on 03/09/2026 14:31
Item 8.01. Other Events.
As previously reported, ARKO Petroleum Corp., a Delaware corporation (the "Company"), entered into an underwriting agreement with UBS Securities LLC and Raymond James & Associates, Inc., as representatives of the underwriters named therein (the "Underwriters"), in connection with the initial public offering (the "IPO") of the Company's Class A common stock, par value $0.0001 per share ("Class A common stock"), pursuant to which the Company granted the Underwriters an option (the "Option") for a period of 30 days following the closing of the IPO to purchase up to an additional 1,666,666 shares of Class A common stock to cover over-allotments. On March 5, 2026, the Underwriters exercised the Option to purchase 1,459,112 shares of Class A common stock, and on March 9, 2026, the Company issued and sold to the Underwriters such shares and received net proceeds of $24.4 million after deducting underwriters' discounts and commissions.