{"id":505696,"date":"2021-06-23T06:18:09","date_gmt":"2021-06-23T10:18:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/onespaworld-announces-proposed-secondary-public-offering-of-common-shares\/"},"modified":"2021-06-23T06:18:09","modified_gmt":"2021-06-23T10:18:09","slug":"onespaworld-announces-proposed-secondary-public-offering-of-common-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/onespaworld-announces-proposed-secondary-public-offering-of-common-shares\/","title":{"rendered":"OneSpaWorld Announces Proposed Secondary Public Offering of Common Shares"},"content":{"rendered":"

<\/p>\n

OneSpaWorld Announces Proposed Secondary Public Offering of Common Shares<\/b><\/p>\n

NASSAU, Bahamas–(BUSINESS WIRE<\/a>)–
\nOneSpaWorld Holdings Limited (NASDAQ: OSW) (\u201cOneSpaWorld\u201d or the \u201cCompany\u201d), the preeminent global provider of health and wellness services and products on-board cruise ships and in premium destination resorts around the world, today announced the commencement of a proposed underwritten secondary public offering of its common shares. OneSpaWorld is conducting a resale of common shares on behalf of Steiner Leisure Limited and certain affiliates of OneSpaWorld\u2019s directors (collectively, the \u201cSelling Shareholders\u201d). The Selling Shareholders intend to offer an aggregate of $80.0 million of OneSpaWorld\u2019s common shares. The offering consists entirely of secondary shares to be sold by the Selling Shareholders and OneSpaWorld will not receive any proceeds from the offering.\n<\/p>\n

\nStifel and William Blair will act as joint book-running managers for the offering.\n<\/p>\n

\nThe Selling Shareholders are expected to grant the underwriters a 30-day option to purchase up to an additional $12.0 million of OneSpaWorld\u2019s common shares at the public offering price, less underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.\n<\/p>\n

\nThe public offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-239628), which was declared effective by the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) on July 22, 2020. The proposed offering is being made only by means of a prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained at the SEC\u2019s website at www.sec.gov<\/a>, or from Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One South Street, 15th Floor, Baltimore, MD 21202 (443-224-1988), or by email at syndprospectus@stifel.com<\/a> or from William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, by telephone at (800) 621-0687, or by email at prospectus@williamblair.com<\/a>.\n<\/p>\n

\nThis 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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.\n<\/p>\n

About OneSpaWorld<\/b><\/p>\n

\nHeadquartered in Nassau, Bahamas, OneSpaWorld is one of the largest health and wellness ser\u00advices companies in the world. OneSpaWorld\u2019s distinguished health and wellness centers offer guests a comprehensive suite of premium health, wellness, fitness and beauty services, treatments, and products currently onboard 160 cruise ships and at 53 destination resorts around the world. OneSpaWorld holds the leading market position within the historically fast-growing international leisure market and has been built upon its exceptional service standards, expansive global re\u00adcruitment, training and logistics platforms, and a history of service and product innovation that has enhanced its guests\u2019 personal care experiences while vacationing for over 65 years.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release includes \u201cforward-looking statements\u201d within the meaning of, and made pursuant to the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may differ from its actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as \u201cexpect,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cbudget,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cbelieves,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d or the negative or other variations thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding the terms of the proposed public offering and the underwriters\u2019 option to purchase additional common shares, statements regarding the Company\u2019s plans and other statements that are not historical plans. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: the impact of the COVID-19 pandemic on our business and our results of operation and liquidity for the foreseeable future; the demand for the Company\u2019s services together with the possibility that the Company may be adversely affected by other economic, business, and\/or competitive factors or changes in the business environment in which the Company operates; changes in consumer preferences or the market for the Company\u2019s services; changes in applicable laws or regulations; the availability or competition for opportunities for expansion of the Company\u2019s business; difficulties of managing growth profitably; the loss of one or more members of the Company\u2019s management team; loss of a major customer and other risks and uncertainties included from time to time in the Company\u2019s reports (including all amendments to those reports) filed with the SEC. The Company cautions that the foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. These forward-looking statements should not be relied upon as representing the Company\u2019s assessments as of any date subsequent to the date of this communication.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210623005478\/en\/<\/a><\/span><\/p>\n

\nICR\/Investors:
\n
Allison Malkin, 203 682 8225, allison.malkin@icrinc.com<\/a><\/p>\n

KEYWORDS:<\/b> Bahamas Caribbean<\/p>\n

INDUSTRY KEYWORDS:<\/b> Transportation Health Destinations Travel Cruise Fitness & Nutrition Luxury Retail<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

OneSpaWorld Announces Proposed Secondary Public Offering of Common Shares NASSAU, Bahamas–(BUSINESS WIRE)– OneSpaWorld Holdings Limited (NASDAQ: OSW) (\u201cOneSpaWorld\u201d or the \u201cCompany\u201d), the preeminent global provider of health and wellness services and products on-board cruise ships and in premium destination resorts around the world, today announced the commencement of a proposed underwritten secondary public offering of its common shares. OneSpaWorld is conducting a resale of common shares on behalf of Steiner Leisure Limited and certain affiliates of OneSpaWorld\u2019s directors (collectively, the \u201cSelling Shareholders\u201d). The Selling Shareholders intend to offer an aggregate of $80.0 million of OneSpaWorld\u2019s common shares. The offering consists entirely of secondary shares to be sold by the Selling Shareholders and OneSpaWorld will not receive any proceeds from the … <\/p>\n

Continue reading “OneSpaWorld Announces Proposed Secondary Public Offering of Common Shares”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-505696","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOneSpaWorld Announces Proposed Secondary Public Offering of Common Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/onespaworld-announces-proposed-secondary-public-offering-of-common-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OneSpaWorld Announces Proposed Secondary Public Offering of Common Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"OneSpaWorld Announces Proposed Secondary Public Offering of Common Shares NASSAU, Bahamas–(BUSINESS WIRE)– OneSpaWorld Holdings Limited (NASDAQ: OSW) (\u201cOneSpaWorld\u201d or the \u201cCompany\u201d), the preeminent global provider of health and wellness services and products on-board cruise ships and in premium destination resorts around the world, today announced the commencement of a proposed underwritten secondary public offering of its common shares. 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