other material
confidence high
sentiment neutral
materiality 0.60
First Watch selling shareholders to sell 3M shares in secondary offering at $16.424/sh
First Watch Restaurant Group, Inc.
- Selling shareholders agreed to sell 3,000,000 shares at $16.424 each to Jefferies LLC.
- Underwriter granted 30-day option to purchase up to 450,000 additional shares.
- Company did not sell any shares and will not receive any proceeds from the offering.
- Offering closed on June 13, 2023, per prospectus supplement filed June 8, 2023.