other material
confidence high
sentiment neutral
materiality 0.65
Kura Sushi USA prices 1.1M-share offering at $54.00 for ~$56.4M net proceeds
KURA SUSHI USA, INC.
- Pricing of 1,100,000 shares of Class A common stock at $54.00 per share; expected net proceeds of ~$56.4M.
- Underwriters granted 30-day option to buy up to 165,000 additional shares; if exercised, net proceeds rise to ~$64.9M.
- Offering expected to close April 13, 2023; proceeds for general corporate purposes including capex and working capital.
- Led by Citigroup, William Blair, Barclays, Stephens; co-managers Craig-Hallum and Roth Capital.