secwatch.observer — SEC 8-K summary
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Issuer:     Dutch Bros Inc. (BROS)
CIK:        0001866581
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0001628280-23-031898
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866581/000162828023031898/0001628280-23-031898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866581/000162828023031898/bros-20230907.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-031898

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