Fanatics Holdings Inc. sold $322.56 million in stock to a group of 28 investors, according to a May 13 Securities and Exchange Commission filing.
The filing said the Jacksonville-based sports merchandise company sold the stock April 29 but gave no other details.
The capital raise follows a sale of $350 million in preferred stock in August 2020, according to a previous SEC filing.
CNBC reported in March that Fanatics was planning to sell about $320 million in stock to current investors in the company.
The business news network said that sale would increase the company’s valuation to $12.8 billion.
Fanatics was founded as a retail store in the Orange Park Mall in 1995 by brothers Alan and Mitchell Trager.
The Tragers sold the company in 2011 and it now is part of a Philadelphia-based holding company called Kynetic.