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Andersen Announces Launch of Secondary Offering

Andersen Announces Launch of Secondary Offering

SAN FRANCISCO–(BUSINESS WIRE)–
Andersen Group Inc. (NYSE: ANDG), a leading independent provider of tax, valuation and financial advisory services to individuals, family offices, businesses and alternative investment funds across the United States, today announced the launch of a proposed underwritten public offering of 4,284,457 shares of its Class A common stock by certain selling stockholders, subject to market and other conditions. The selling stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 642,668 shares of Class A common stock at the public offering price, less underwriting discounts and commissions.

Andersen is not selling any shares in the proposed offering and will not receive any proceeds from the sale of shares by the selling stockholders.

Baird, Truist Securities and UBS Investment Bank are serving as lead book-running managers for the proposed offering with William Blair acting as additional book-running manager.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus are available from:

  • Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, Wisconsin 53202; phone: (800) 792-2473; email: [email protected];
  • Truist Securities, Inc., Attention: Equity Capital Markets, 740 Battery Ave SE, 3rd Floor, Atlanta, Georgia 30339; phone: (800) 685-4786; email: [email protected];
  • UBS Securities LLC, Attention: Prospectus Department, 11 Madison Avenue, New York, New York 10010; email: [email protected].

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, and there shall be no sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under that state’s or jurisdiction’s securities laws.

About Andersen Group Inc.

Andersen is a leading provider of independent tax, valuation and financial advisory services to individuals, family offices, businesses and alternative investment funds in the United States. Andersen’s differentiated approach to client service is rooted in core values that emphasize stewardship, transparency and the seamless delivery of independent, high-quality service. Worldwide, Andersen’s presence spans more than 180 countries through its global platform of member and collaborating firms delivering tax, legal, valuation and consulting services across more than 1,000 locations with over 3,000 partners and 50,000 professionals.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

Forward-looking statements may include, but are not limited to, statements regarding our outlook, guidance, strategies, plans, objectives, expectations and intentions, and are often identified by words such as “may,” “will,” “should,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “forecast,” “target,” “project,” or similar expressions.

These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are outside our control. Important factors that could cause actual results to differ materially include, but are not limited to, economic conditions, competitive pressures, changes in customer demand, regulatory developments, technological changes, and other risks described in our filings with the Securities and Exchange Commission (SEC), including our most recent Form 10-K and subsequent Form 10-Q filings.

We undertake no obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events or otherwise, except as required by law.

Gregory Vistica, Managing Director, Investor Relations

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Finance Consulting Accounting Professional Services Legal

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