SEC Filing

Torrid Holdings Inc. announced a public offering of 10,000,000 shares of common stock at $3.50, led by selling stockholders, with a closing expected around June 26, 2025. Underwriters have an option to purchase more shares. Concurrently, Torrid will repurchase $20.0 million of its stock from Sycamore Partners. Torrid will not receive proceeds from the offering. BofA Securities, Jefferies, and William Blair are managing the offering. Detailed information can be found in SEC filings.

Nvidia CEO Jensen Huang has begun a planned stock sell-off, disposing of 100,000 shares for $14.5 million. This is part of a previously disclosed plan to sell up to 6 million shares. Although the sales represent a tiny fraction of his vast holdings, they are expected to continue. Board member Mark Stevens has also been selling his shares.