Red Violet, Inc. Announces $108.6M Public Offering of Common Stock

What Happened
Red Violet, Inc. announced on August 7, 2026 that it closed an underwritten public offering of common stock. The company sold 1,666,667 firm shares and granted the underwriters a 30‑day option for 250,000 additional shares, which was exercised in full, for a total of 1,916,667 shares at $60.00 per share. The offering was completed under a shelf registration (Form S-3) and the company expects approximately $108.6 million in net proceeds after underwriting discounts, commissions and estimated offering expenses.

Key Details

• Underwriting agreement dated August 5, 2026 with Raymond James & Associates, Inc. and Needham & Company, LLC as representatives.
• Total shares sold: 1,916,667 common shares (1,666,667 firm + 250,000 option exercised).
• Public offering price: $60.00 per share; anticipated net proceeds: ~ $108.6 million.
• Stated use of proceeds: working capital and general corporate purposes, including potential strategic acquisitions.
• Legal opinion and related consents from Akerman LLP were included; press releases announced the launch, pricing and closing.

Why It Matters
This financing materially increases Red Violet’s cash position (about $108.6M net), giving the company flexibility for day‑to‑day operations and to pursue potential acquisitions. For investors, the issuance dilutes existing shareholders proportionally and the use of proceeds (working capital and M&A) may affect growth plans — details and risks are further described in Red Violet’s filings.