Pattern Group Shares Drop After Knox Lane-Linked Secondary Offering Is Announced
Pattern Group Inc. (NASDAQ: PTRN) shares fell 7% on Monday following the announcement that an affiliate of pre-IPO investor Knox Lane LP plans to sell 8,000,000 shares of Series A common stock in a proposed secondary offering. Pattern will not receive any proceeds from the transaction; underwriters have a 30-day option to buy up to an additional 1,…