Pattern Group Slides as Knox Lane Affiliate Plans 8 Million Share Sale
Pattern Group Inc. shares fell Monday after the Lehi, Utah-based ecommerce accelerator said a current stockholder linked to Knox Lane LP is looking to sell 8 million Series A common shares through a secondary offering. Underwriters will get a 30-day option for up to 1.2 million more shares from the same seller. PTRN was last at $18.61, off about 11% for the session, after trading from $17.59 to $20.50.