other material
confidence high
sentiment neutral
materiality 0.70
Kura Sushi closes $56.9M public offering of 1.265M shares at $45.00 per share
KURA SUSHI USA, INC.
- Closed underwritten public offering of 1,265,000 shares of Class A common stock at $45.00 per share.
- Net proceeds of approximately $54.1 million; underwriters exercised over-allotment option in full.
- Proceeds to be used for general corporate purposes, including capital expenditures and repayment of parent company credit facility.
- Offering managed by William Blair and Stephens Inc. as book-runners; closed on July 23, 2021.
- Shares sold under effective shelf registration statement; no early termination of underwriters' option.