Acushnet Holdings Corp. (NYSE:GOLF) Files An 8-K Other EventsItem 8.01 Other Events.
On November13, 2017, Acushnet Holdings Corp. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with the selling shareholder named therein (the “Selling Shareholder”) and Morgan Stanley& Co. LLC and Nomura Securities International,Inc. to the Underwriting Agreement, on November16, 2017, the Selling Shareholder sold 9,165,542 shares of the Company’s common stock at a public offering price of $17.00 per share, including 833,231 shares of the Company’s common stock to the full exercise of the underwriters’ option to purchase additional shares of common stock. The Company did not receive any proceeds from the sale of shares of its common stock in the offering by the Selling Shareholder.
About Acushnet Holdings Corp. (NYSE:GOLF)
Acushnet Holdings Corp. is engaged in the design, development, manufacture and distribution of golf products. The Company is engaged in various product categories, such as golf clubs, wedges, putters, golf gloves, golf gear and golf wear. The Company operates in four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear and FootJoy Golf Wear. The company’s Titleist golf ball segment is engaged in designing and manufacturing a golf ball. It sells Titleist Pro V1. The Company also designs, manufactures and sells other golf balls under the Titleist brand, such as NXT Tour, Velocity and DT TruSoft, as well as under the Pinnacle brand. The Company designs, assembles and sells golf clubs (drivers, fairways, hybrids and irons) under the Titleist brand, wedges under the Vokey Design brand, and putters under the Scotty Cameron brand. Titleist golf clubs, Vokey Design wedges and Scotty Cameron putters are used by the players.
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