other material
confidence high
sentiment neutral
materiality 0.75
Kura Sushi prices $56.2M public offering of 695,938 shares at $85.00 per share
KURA SUSHI USA, INC.
- Offering of 695,938 shares of Class A common stock at $85.00 per share; expected net proceeds ~$56.2M.
- Underwriters granted 30-day option for up to 104,390 additional shares; if exercised, proceeds ~$64.6M.
- Closing expected November 13, 2024, subject to customary conditions.
- Proceeds for general corporate purposes including capex and working capital.
- Joint book-runners: William Blair, Barclays, TD Securities; co-managers: Craig-Hallum, Roth, Benchmark.