FIGS Announces Secondary Offering Of 8.8 Mln Common Shares

FIGS, Inc. (FIGS) on Tuesday announced a secondary offering of about 8.8 million Class A common shares by its largest stockholder, Tulco, LLC, and certain members of FIGS' management team.

The offering consists 8,826,703 class A common shares by selling shareholders with a 30-day option for the underwriters to purchase an additional 1,324,005 shares.

FIGS said it will not receive any proceeds from the sale of shares in the offering.

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