Fox Factory Holding Corp. Announces Pricing of Upsized Common Stock Offering

BRASELTON, Ga., June 17, 2020 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”) announced today that it has priced its previously announced underwritten public offering of 2,400,000 shares of the Company’s common stock at a public offering price of $76.00 per share, for gross proceeds to the Company of $182,400,000 million, before deducting the underwriting discounts and commissions and other offering expenses. The size of the offering was increased from the previously announced 2,000,000 shares offered.  The Company has granted the underwriters a 30-day option to purchase up to an additional 360,000 shares of its common stock.  The offering is expected to close on or about June 22, 2020, subject to satisfaction of customary closing conditions.

BofA Securities is acting as lead book-running manager and representative of the underwriters for this offering. SunTrust Robinson Humphrey is acting as book-running manager and BTIG, Capital One Securities, Fifth Third Securities, Regions Securities LLC, TD Securities, CJS Securities and William Blair are acting as co-managers for the offering. When available, a copy of the final prospectus supplement and the accompanying base prospectus relating to the offering may be obtained from the following address: BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, Email: [e-mail].

The offering is being made pursuant to an effective shelf registration statement and prospectus supplement filed by the Company with the Securities and Exchange Commission (“SEC”). You may obtain these documents for free when they are available by visiting EDGAR on the SEC web site at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.