Hillman Announces Secondary Offering of Common Stock by Selling Shareholders

CINCINNATI, April 12, 2022 (GLOBE NEWSWIRE) — Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware products and merchandising solutions, today announced the launch of an underwritten public offering of a total of 10,000,000 common shares of the Company (the “Offer”) by certain shareholders of the Company (the “Selling Shareholders”). The Selling Shareholders intend to grant the Underwriters a 30-day option to purchase up to an aggregate of 1,500,000 additional shares of the common stock of the Company. The Offer consists entirely of ordinary shares to be sold by the Selling Shareholders, and the Company will not receive any proceeds from the sale of the shares offered by the Selling Shareholders.

Jefferies and Baird are acting as lead bookrunners for the Offering. Stifel is also acting as co-bookrunner for the Offering.

The Company has filed a registration statement on Form S-1 (registration number 333-258823) (including a base prospectus), which has been declared effective by the Securities and Exchange Commission (“SEC”). The Company has also filed a preliminary prospectus supplement with the SEC for the Offering. The Offering will only be made by means of a prospectus supplement and an accompanying prospectus. Before investing, you should read the prospectus included in this registration statement and the prospectus supplement relating to this offering. You can obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus, and copies of the final prospectus supplement when available, may be obtained by contacting: Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, New York 10022, by phone at 877-821-7388, or by email at [email protected] or Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI 53202, by phone at 800-792-2473, or by email at [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of such state or territory.

About Hillman Solutions Corp.
Founded in 1964 and based in Cincinnati, Ohio, Hillman Solutions Corp. (“Hillman”) is a leading North American provider of complete hardware solutions, providing the best customer service in the industry at more than 40,000 locations. Hillman designs innovative products and merchandising solutions for complex categories that deliver exceptional customer experiences to home improvement centers, mass merchandisers, national and regional hardware stores, pet supply stores, and OEM customers and industrial. Leveraging a world-class distribution and sales network, Hillman delivers a “small business” experience with “big business” efficiency.

Forward-looking statements
This communication contains certain forward-looking statements, including, but not limited to, certain plans, expectations, objectives, projections and statements, which are not historical facts and are subject to numerous assumptions, risks and uncertainties. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. All forward-looking statements are made in good faith by the company and are intended to benefit from the safe harbor of liability established by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995

The Company’s actual results may differ from its expectations, estimates and projections and, accordingly, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “expect”, “anticipate”, “intend”, “plan”, “target”, “goal” , “may”, “will”, “could”, “should”, “believe”, “predict”, “potential”, “continue” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limited to the Company’s expectations regarding future performance. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Many of these factors are beyond the control of the Company. Company and are difficult to predict. Factors that could cause such differences include, but are not limited to: (1) our ability to complete the proposed secondary securities offering on the terms described or not at all; (2 ) unfavorable economic conditions losses that could affect operations, financial condition and cash flows, including expenditures for home renovation or construction projects, inflation, recessions, instability in financial markets or credit markets; (3) increased supply chain costs, including raw materials, procurement, transportation and energy; (4) the highly competitive nature of the markets we serve; (5) the ability to continue to innovate with new products and services; (6) seasonality; (7) high customer concentration; (8) ability to recruit and retain qualified employees; (9) the outcome of any legal proceedings that may be brought against the Company; (10) adverse changes in exchange rates; (11) the impact of COVID-19 on the Company’s business; or (12) regulatory changes and potential legislation that could adversely impact financial results. The above list of factors is not exclusive, and readers should also refer to the risks included in the company’s filings with the Securities and Exchange Commission (“SEC”), including the annual report on form 10-K filed March 16, 2022. In light of these uncertainties, investors or potential investors are cautioned not to place undue reliance on these forward-looking statements.

Except as required by applicable law, the Company neither undertakes nor accepts any obligation or undertaking to issue updates or revisions to any forward-looking statements in this communication to reflect any change in its expectations or any change in events, conditions or circumstances. on which such statement is based.

Michael Koehler
Vice President of Investor Relations and Treasury
[email protected]

Source: Hillman Solutions Corp.

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