OneSpaWorld Holdings (OSW) Prices 9M Share Secondary Offering at $10/sh

OneSpaWorld Holdings Limited (NASDAQ: OSW) today announced the pricing of its previously announced underwritten secondary offering of common shares of the Company at a public offering price of $10.00 per share. The offering consists of 9,000,000 common shares to be sold by Steiner Leisure Limited and a director of the Company (together, the “Selling Shareholders”). Steiner Leisure Limited has also granted the underwriters a 30-day option to purchase up to an additional 1,350,000 common shares at the public offering price, less underwriting discounts and commissions. This reflects an upsizing of the previously announced offering of 8,000,000 shares and 1,200,000 option shares granted to the underwriters.

The Selling Shareholders will receive all of the net proceeds from the sale of common shares in the offering. The Company will not receive any proceeds from the offering.

William Blair, Stifel and TD Cowen are acting as the joint booking-running managers for the offering.

The common shares in the proposed secondary offering are being offered pursuant to an automatically effective shelf registration statement on Form S-3 (File No. 333-333-271982) filed with the U.S. Securities and Exchange Commission (“SEC”) on May 16, 2023. The offering is being made only by means of a prospectus supplement. A final prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov and copies of the final prospectus supplement may also be obtained, when available, from the following sources: William Blair & Company, L.L.C., Attn: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois 60606, by telephone at (800) 621-0687, or by email at [email protected]; Stifel, Nicolaus & Company, Incorporated, Attn: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104 or by telephone at (415) 364-2720 or by email at [email protected]; and Cowen and Company, LLC, 599 Lexington Avenue, New York, New York 10022, by telephone at (833) 297-2926, or by e-mail at [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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