By Dean Seal
Shares of AerSale slipped after the company said certain stockholders plan to sell four million shares at market prices.
The stock was down 7% at $13.75 in premarket trading. Shares had fallen 9% year-to-date when the market closed Wednesday.
The aviation products and services provider said after the bell Wednesday that certain shareholders, including affiliates of private-equity firm Leonard Green & Partners, intend to put up four million shares in an underwritten secondary offering.
The underwriter, RBC Capital Markets, will offer the shares from time to time for sale in one or more transactions on the Nasdaq Capital Market, in the over-the-counter market or through negotiated transactions at market prices prevailing at the time of sale.
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