Torrid Holdings Inc. has announced a secondary offering in which certain stockholders will offer and sell 10,000,000 shares of the company's common stock at a public offering price of $3.50 per share. The offering is conducted under an Underwriting Agreement that includes BofA Securities, Inc., Jefferies LLC, and William Blair & Company, L.L.C. as the underwriters. The selling stockholders have also granted the underwriters an option to purchase an additional 1,500,000 shares. The company will not receive any proceeds from the sale as it is not selling any securities in this offering. Concurrently, Torrid Holdings has entered into a Stock Repurchase Agreement to buy $20 million worth of its shares from Sycamore Partners Torrid, L.L.C. in a private transaction at the same share price as the public offering. Both the offering and the stock repurchase closed on June 26, 2025, with the repurchased shares being held as treasury stock.