The Capital Markets team advised the underwriters in connection with a $81.5 million secondary offering of 2,000,000 shares of common stock of NAPCO Security Technologies, Inc. sold by a selling stockholder, which closed on March 8, 2024. The selling stockholder granted the underwriters a 30-day option to purchase up to an additional 300,000 shares. The common stock is listed on the Nasdaq Global Select Market under the symbol “NSSC.”
NAPCO is a leading manufacturer and designer of high-tech electronic security devices, wireless recurring communication services for intrusion and fire alarm systems as well as a leading provider of school safety solutions.
The Goodwin team consisted of Brad Weber, Bryan Quinn, Julia White, Kyrsten Rodriguez (nee Keith), Nikki Miller, and Nic Warren (Corporate); Kevin Lam, JB Schiller, and Jinny Kim (IPTS); Ora Grinberg and Erika Pey (Tax); Jacqueline Klosek, Alex Intile, and Aiste Zalepuga (Privacy); Jonathan Hecht and Robert Tiefenbrun (Litigation); and Maggie Wong (Opinions).
For additional details on the offering, please read the press release.
NAPCO is a leading manufacturer and designer of high-tech electronic security devices, wireless recurring communication services for intrusion and fire alarm systems as well as a leading provider of school safety solutions.
The Goodwin team consisted of Brad Weber, Bryan Quinn, Julia White, Kyrsten Rodriguez (nee Keith), Nikki Miller, and Nic Warren (Corporate); Kevin Lam, JB Schiller, and Jinny Kim (IPTS); Ora Grinberg and Erika Pey (Tax); Jacqueline Klosek, Alex Intile, and Aiste Zalepuga (Privacy); Jonathan Hecht and Robert Tiefenbrun (Litigation); and Maggie Wong (Opinions).
For additional details on the offering, please read the press release.