Envestnet Inc. filed a registration statement for the sale of up to 2,826,979 common shares by BlackRock Inc. unit Blackhawk Investment Holding LLC.
The number of shares being registered constitute all Envestnet shares beneficially owned by Blackhawk Investment. BlackRock additionally owns 2,835,513 Envestnet common shares not beneficially owned by Blackhawk Investment, which are not being registered for resale.
The proposed maximum aggregate offering price is $200.4 million, or $70.90 per share, estimated solely to calculate the registration fee.
The filing also includes 471,163 common shares, issuable upon exercise of an outstanding warrant, allowing the holder to purchase the common shares at an exercise price of $65.16 per share, subject to certain adjustments.
Envestnet will not receive any proceeds from the sale.