Kura Sushi closes $68.3M public offering of 1.265M shares at $54

KURA SUSHI USA, INC.

Offering of 1,265,000 shares (including full exercise of underwriters' 165,000-share option) at $54.00 per share.
Net proceeds to Kura Sushi approximately $64.9 million after underwriting discount.
Proceeds to be used for general corporate purposes, including capital expenditures and working capital.
Lead book-runners: Citigroup, William Blair, Barclays; co-managers: Stephens, Craig-Hallum, Roth Capital.
Offering closed on April 13, 2023, under an effective shelf registration statement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KURA SUSHI USA, INC. entered into Underwriting Agreement with Citigroup Global Markets Inc., William Blair & Company, L.L.C. and Barclays Capital Inc. as representatives of the Underwriters valued at 1,100,000 shares of Common Stock at $54.00 per share (effective 2023-04-10).

Action: entry
Agreement: underwriting
Counterparty: Citigroup Global Markets Inc., William Blair & Company, L.L.C. and Barclays Capital Inc. as representatives of the Underwriters
Value: 1,100,000 shares of Common Stock at $54.00 per share
Effective: 2023-04-10

Exact text from the filing

On April 10, 2023, Kura Sushi USA, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Citigroup Global Markets Inc., William Blair & Company, L.L.C. and Barclays Capital Inc. as representatives of the Underwriters listed on Schedule I attached thereto (the "Underwriters").

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KURA SUSHI USA, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-012720

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