Red Violet shares slide after pricing 1.67M share offering at $60.00/share to raise $100M

Red Violet priced an underwritten public offering of 1.67 million shares at $60 per share, raising $100 million. Shares slid 9.2% to $62 in after-hours trading. The deal closes August 7, 2026, with a 30-day option for up to 250,000 additional shares. Proceeds will fund working capital, general corporate purposes, and potential strategic acquisitions.