CHICAGO, May 05, 2026 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE:RSI) ("RSI"), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced the pricing of an underwritten secondary public offering of 10,000,000 shares of its Class A common stock by one or more trusts beneficially owned by Neil Bluhm, RSI's Executive Chairman, Richard Schwartz, RSI's Chief Executive Officer, and Mattias Stetz, RSI's Chief Operating Officer (the "Selling Stockholders"), at a price to the public of $26.00 per share. The Selling Stockholders are each offering less than 10% of their respective currently owned RSI stock. The offering is expected to close on May 7, 2026, subject to the satisfaction of customary closing conditions. The underwriters will have a 30-day option to purchase up to an additional 1,500,000 shares of RSI's Class A common stock from the Selling Stockholders.

The Selling Stockholders are offering these shares for personal financial planning and estate planning purposes. Upon completion of the offering, Neil Bluhm and trusts and other entities beneficially owned by him will continue to own over 40% of RSI's stock, remaining RSI's largest shareholder by a significant margin, and will continue to serve as Executive Chairman of RSI's Board of Directors.

RSI is not offering any shares of Class A common stock in this offering and will not receive any proceeds from the sale of shares by the Selling Stockholders, but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions.

Wells Fargo Securities and Morgan Stanley are acting as lead book-running managers and representatives of the underwriters for the offering. Jefferies, Craig-Hallum, Macquarie Capital, Needham & Company and Oppenheimer & Co. are acting as joint book-running managers for the offering. Benchmark, a StoneX Company, Citizens Capital Markets and Oakvale Capital LLP are acting as co-managers for the offering.

Concurrent Share Repurchase. Subject to the completion of the offering, RSI intends to repurchase from the underwriters 1,153,846 shares ...