secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2023-09-12T23:59:59+00:00
Accession:  0001213900-23-076148
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Management sells 1M shares in secondary offering at $21.00/share; company gets no proceeds
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- Secondary offering of 1,000,000 shares by selling stockholders (management) at $21.00 per share.
- Underwriter granted 30-day option to purchase up to an additional 150,000 shares from selling stockholders.
- Karat Packaging receives no proceeds from the offering; expected to close September 12, 2023.
- Lake Street Capital Markets is sole book-running manager for the offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000121390023076148/0001213900-23-076148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000121390023076148/ea185045-8k_karatpack.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-076148

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer