secwatch.observer — SEC 8-K summary
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Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K
Filed at:   2022-09-15T23:59:59+00:00
Accession:  0001193125-22-245637
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000119312522245637/0001193125-22-245637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000119312522245637/d399019d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-245637

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