Symbotic (SYM) said late Thursday it priced an underwritten public offering of 10 million of its class A shares on behalf of the company and a selling securityholder at $55 per share.

The company is offering 6.5 million of its class A shares, while the selling securityholder is selling 3.5 million class A shares. Symbotic also granted underwriters a 30-day option to purchase up to an additional 1.5 million class A shares at the offering price.

Symbotic said it aims to use the proceeds from the offering, which is expected to complete on Monday, for general corporate purposes. The selling securityholder will receive all the proceeds from class A shares it is selling.

Shares were 1.5% lower in premarket trade Friday.