CPI Card Prices Secondary Stock Offering at $21.50 per Share

07:20 AM EDT, 09/11/2026 (MT Newswires) -- CPI Card Group (PMTS) said Friday it priced a registered underwritten secondary offering of about 2.3 million common shares at $21.50 per share, for gross proceeds of roughly $50.3 million. Underwriters were granted a 30-day option to purchase up to an additional 350,598 shares from the selling shareholders affiliated with Parallel49 Equity at the offering price, the company said. The offering is expected to close around Monday, CPI Card said, adding it will not receive any proceeds from the sale. CPI Card shares were down more than 16% in premarket activity Friday.