Driven Brands announces secondary offering of 7M shares by Roark affiliates at $32.19

Driven Brands Holdings Inc.

Selling stockholders (Roark affiliates) sold 7,000,000 shares of common stock at $32.19 per share.
Company received no proceeds from the secondary public offering.
Underwriting agreement entered with BofA Securities and Morgan Stanley on Sept 12, 2022.
Offering closed on Sept 15, 2022; registered under S-3ASR filed Sept 12, 2022.
Customary indemnification provisions included; underwriters may provide future investment banking services.

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