Ingram Micro announced that its principal stockholder, Ingram Holdco, LLC, entered into an agreement with Goldman Sachs for a secondary offering of 11 million shares of common stock. Concurrently, Ingram Micro will repurchase 1 million of these shares from the underwriter as part of its existing stock repurchase program.
Key Details
- Secondary Offering: On November 2, 2026, the Selling Stockholder agreed to sell 11,000,000 shares of common stock in an underwritten offering.
- Underwriter Option: The underwriter was granted a 30-day option to purchase up to an additional 1,650,000 shares, which was exercised in full on November 3, 2026.
- Concurrent Stock Repurchase: Ingram Micro repurchased 1,000,000 shares from the underwriter as part of the offering. This leaves approximately $27.3 million of capacity under its existing $175 million repurchase program.
- Use of Proceeds: The Selling Stockholder will receive all net proceeds from the offering. The Company will not receive any proceeds from the sale of shares.