other material
confidence high
sentiment neutral
materiality 0.65
Portillo's synthetic secondary offering of 8M shares; underwriter option for 1.2M additional
Portillo's Inc.
- Company entered underwriting agreement on March 7, 2023 for 8,000,000 share offering with Morgan Stanley as sole underwriter.
- Underwriter granted 30-day option to purchase up to 1,200,000 additional shares of Class A common stock.
- Offering consummated on March 10, 2023; PHD Group Holdings, LLC is a party to the agreement.
- Offering made under effective S-3ASR registration statement filed November 14, 2022.