2023-04-11 08:27:28 ET
- Kura Sushi USA ( NASDAQ: KRUS ) priced public offering of 1.1M shares at $54.00 per share.
- Expected proceeds of ~$56.4M, net of the underwriters’ discount.
- Underwriters' have a 30-day option to purchase up to an additional 165K shares.
- If underwriters' exercise net proceeds would be ~$64.9M.
- The offering is expected to close on April 13, 2023.
- Net proceeds to be deployed for general corporate purposes, including capital expenditures, working capital, and other business purposes.
- Price up 2% during pre-market hours.
For further details see:
Kura Sushi USA up 2% on pricing 1.1M shares offering