Dutch Bros prices 11.5M-share offering at $26/shr, gross proceeds ~$300M

Dutch Bros Inc.

Offering of 11,538,461 shares of Class A common stock at $26.00 per share; underwriters have 30-day option for up to 1,730,769 additional shares.
Gross proceeds before underwriting discounts and expenses expected to be approximately $300 million; all shares sold by the company.
Joint book-running managers: BofA Securities, J.P. Morgan, Jefferies; closing expected on or about September 12, 2023.
Directors and executive officers subject to 60-day lock-up on selling shares without underwriter consent.
Offering made under automatic shelf registration statement filed September 6, 2023; use of proceeds not specified.

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