GRIL - Muscle Maker prices $10M private placement at-the-market

Muscle Maker ([[GRIL]]) has entered into an agreement for a private placement to purchase up to 1.25M shares of common stock and ~2.87M pre-funded warrants, with each pre-funded warrant exercisable for one share.Each share of common stock and warrant are being sold together at a combined offering price of $2.43, and each pre-funded warrant and accompanying warrant at a combined price of $2.42.“This funding when closed will allow Muscle Maker to continue to execute our non-traditional location growth strategy as well as provide the ability to identify and acquire additional concepts that complement our business model like the recently announced acquisition of Superfit Foods.”said Michael Roper, CEO.Closing date on or about April 9, 2021.

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Muscle Maker prices $10M private placement at-the-market