Sweetgreen, Inc. (SG): M&A transaction — Sweetgreen completes sale of Spyce (Infinite Kitchen) to Wonder for $186.4M

Sweetgreen, Inc.

Total consideration: $100M cash + $86.4M in Wonder Series C preferred stock (implied value).
Pro forma gain on disposal of ~$160M; net assets disposed were $23.1M.
Sweetgreen will continue using Infinite Kitchen under long-term supply and services agreement.
Spyce was acquired in 2021 for ~$70M; Infinite Kitchen now in 20+ locations.
Transaction allows Sweetgreen to focus on core restaurant operations and growth.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

Sweetgreen, Inc. completed a disposition involving Wonder Group, Inc. for $100.0 million in cash and issued to the Company shares of Series C Preferred Stock of Wonder with an implied value of $86.4 million (closed 2025-12-29).

Action: disposition
Counterparty: Wonder Group, Inc.
Consideration: $100.0 million in cash and issued to the Company shares of Series C Preferred Stock of Wonder with an implied value of $86.4 million
Closing: 2025-12-29

Exact text from the filing

Sub II continuing as a wholly-owned subsidiary of Wonder (collectively, the “Spyce Sale”). On the Closing Date, as consideration for the Spyce Sale, Wonder paid to the Company $100.0 million in cash and issued to the Company shares of Series C Preferred Stock of Wonder with an implied value of $86.4 million based on the price per share at which shares were issued by

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Sweetgreen, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-000636

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