Solo Brands (DTC) Prices 12.9M Share IPO at $17/sh

Solo Brands, Inc (NYSE: DTC), owner of the popular Solo Stove, Chubbies, Oru Kayak, and Isle paddleboard brands, today announced the pricing of its initial public offering of 12,903,225 shares of its Class A common stock at a price to the public of $17.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,935,483 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.

The shares are expected to begin trading on October 28, 2021 on the New York Stock Exchange under the ticker symbol “DTC.” The closing of the offering is expected to occur on November 1, 2021, subject to customary closing conditions.

BofA Securities, J.P. Morgan, and Jefferies are serving as joint book-running managers for the proposed offering.

The offering will be made only by means of a prospectus. A copy of the prospectus relating to this offering, when available, may be obtained from BofA Securities Inc., Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, or by email at [email protected]; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204 or by email at [email protected] and Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388, or by email at [email protected].

A registration statement on Form S-1 relating to these securities was declared effective by the Securities and Exchange Commission on October 27, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall 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. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

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