The Duckhorn Portfolio, Inc. Announces Proposed Public Offering of Common Stock

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Oct 12, 2021

The Duckhorn Portfolio, Inc. ("Duckhorn") (NYSE:NAPA, Financial) today announced the commencement of an underwritten public offering of 12,000,000 shares of its common stock by certain of its stockholders (the “Selling Stockholders”). Additionally, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock. Duckhorn will not receive any proceeds from the sale of the shares by the Selling Stockholders.