#USA #Birmingham #OneStream #Class A Common Stock #Secondary Offering

OneStream Completes Full Exercise of Underwriters' Option in Share Offering

On November 27, 2024, OneStream, Inc. (NASDAQ: OS), a prominent player in finance technology, announced a significant development concerning their recent equity fundraising efforts. As part of a previously disclosed underwritten public offering, OneStream successfully facilitated the full exercise of the underwriters' option to purchase an additional 2,250,000 shares of Class A common stock.

This offering was set at a public price of $31.00 per share, inclusive of underwriting discounts and commissions. The additional shares consisted of 1,351,043 shares sold by existing stockholders and 898,957 shares from OneStream itself, noted as part of a non-dilutive "synthetic secondary" transaction. Interestingly, the company did not receive any proceeds from the selling stockholders’ shares, instead directing the entirety of its net proceeds to acquire LLC units of OneStream Software LLC. This purchase also involved canceling an equal number of Class C common stock shares previously held.

Upon completion of the public offering and the associated synthetic secondary transactions, there was no change in the total number of outstanding shares of OneStream's common stock or LLC units. The company undertook this offering as it seeks to strengthen its financial position while continuing its commitment to enhancing its enterprise finance platform, designed to benefit CFOs and finance teams across various industries.

The underwriting team, led by Morgan Stanley and J.P. Morgan, played an essential role in executing this share offering successfully. Other noteworthy participants in the underwriting process included Citigroup, BofA Securities, and Guggenheim Securities, marking a collaborative effort among several major financial firms.

A registration statement concerning these securities had been previously filed and was authorized by the Securities and Exchange Commission on November 14, 2024. As is customary in such offerings, the sale process was exclusively conducted through an official prospectus, which provides critical information to potential investors.

For those interested in the specifics of the offering, prospectus details can be acquired through designated contacts at both Morgan Stanley and J.P. Morgan.

About OneStream

OneStream is redefining how modern finance teams engage with data and reporting. With its unified finance platform, OneStream enhances capabilities enabling CFOs to elevate their strategic roles within organizations. The platform integrates AI technologies, assisting in better decision-making and productivity, thereby transforming the office of the CFO into a pivotal component of business strategy and implementation.

Currently, OneStream boasts an extensive network, serving over 1,500 customers, which includes 15% of the Fortune 500 companies. Through an architecture that supports adaptability and innovation, the company aspires to set new standards in financial management, empowering clients to navigate continuing challenges in a dynamic economic landscape.

By positioning itself at the forefront of digital finance solutions, OneStream is committed to fostering businesses to achieve their goals and maximize their potential amid ever-evolving market demands.

This latest announcement only emphasizes OneStream’s dedication to ensuring that their financial tools evolve alongside the businesses they serve, marking its footprint as a critical influencer in the landscape of enterprise finance technology.