Monitor whether the $75 million share repurchase closes as planned, as this would partially offset the dilution from the offering. Watch for insider trading activity near the end of the 60-day lock-up period. The significant discount to market price suggests potential downward pressure on the stock in the near term.
Executive Summary
Ingram Micro Holding Corp (INGM) is conducting a secondary offering where selling stockholder Ingram Holdco, LLC is selling 8,988,764 shares at $22.25 per share, raising approximately $200 million. Concurrently, the company plans a $75 million share repurchase from the selling stockholder at the same price, though this is not guaranteed. The offering is priced at a 15.3% discount to the prior closing price of $26.29. Platinum Equity will maintain majority control post-offering.
Key Facts
- Selling stockholder Ingram Holdco, LLC is offering 8,988,764 shares of INGM common stock
- Public offering price is $22.25 per share, with total gross proceeds of $199,999,999
- Offering priced at 15.3% discount to prior closing price of $26.29 on March 4, 2026
- Company plans concurrent $75 million share repurchase from selling stockholder at offering price
- Platinum Equity will maintain 85.7% voting power after offering and repurchase
- No proceeds from the offering will go to the company; all proceeds go to the selling stockholder
- 60-day lock-up period for company insiders and selling stockholder
Financial Impact
The offering raises $200 million for the selling stockholder. The potential $75 million share repurchase would reduce shares outstanding by approximately 3.2% if completed.
Risk Factors
- The $75 million share repurchase is not guaranteed and is not a condition of the offering
- Potential downward price pressure from the 15.3% discount and large share issuance
- Lock-up expiration in 60 days could lead to additional selling pressure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B4 Filing (Primary) | 0001628280-26-015645 |
| Document: 0001628280-26-015645-index-headers.html | 0001628280-26-015645 |
| Document: 0001628280-26-015645-index.html | 0001628280-26-015645 |
| Document: 0001628280-26-015645.txt | 0001628280-26-015645 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $26.32 $26.67 | ▲ +1.33% | ▲ +0.51% | $28.50 (+8.28%) |
Jun 18, 2026 15w ago | Insider Cluster | $28.30 $27.69 | ▲ +2.16% | ▲ +0.49% | $28.50 (−0.71%) |
May 5, 2026 21w ago | S-3ASR | $26.79 $26.31 | ▼ −1.78% | ▼ −2.91% | $28.50 (+6.40%) |
Mar 26, 2026 27w ago | DEFA14A | $22.23 $25.08 | ▲ +12.82% | ▲ +8.96% | $28.50 (+28.20%) |
Mar 6, 2026 29w ago | 424B4 | $22.09 $22.23 | ▲ +0.64% | ▲ +1.99% | $28.50 (+29.02%) |
Feb 28, 2026 30w ago | Institutional Cluster | $21.21 $22.16 | ▲ +4.49% | ▲ +5.70% | $28.50 (+34.40%) |
US Market Status
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