CPI Card Group announces offering of 1M shares of common stock for holders

CPI Card Group announced that certain stockholders affiliated with Parallel49 Equity have commenced an underwritten secondary public offering of 1M shares of the company’s common stock. The selling stockholders will receive all proceeds from the offering. The company is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of common stock by the selling stockholders. D.A. Davidson & Co. is acting as sole book-running manager for the offering.