Compass sells remaining Fox Factory shares as secondary public offering closes

Fox has announced the closure of its previously announced secondary public offering of 5,108,718 shares of the company’s common stock by Compass Group Diversified Holdings LLC, at a price of $26.65 per share.

Compass received all of the proceeds from the offering and no longer owns any shares of the company’s common stock. No shares were sold by the company. As part of the offering, another stockholder and a director of the Company, Robert C. Fox, Jr. (together with Compass, the “Stockholders”), has granted the underwriter an option for a period of 30 days to purchase up to an additional 465,657 shares of the Company’s common stock.

BofA Merrill Lynch acted as the sole underwriter for the offering.