FWRG - First Watch Restaurant prices secondary public offering at $15.50/ share

• First Watch Restaurant ( NASDAQ: FWRG ) has priced an underwritten secondary public offering by certain stockholders of the company of 4.5M shares of the company’s common stock, par value $0.01/share, at a price to the public of $15.50/ share.
• Offering is expected to close on September 19, 2022.
• The offering consists entirely of secondary shares to be sold by the Selling Stockholders.
• The Selling Stockholders will receive all of the proceeds from the offering.
• Underwriters are granted a 30-day option to purchase up to an additional 675,000 shares of common stock.
• Earlier, First Watch Restaurant slides 8% afterhours on secondary stock offering .

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