other material
confidence high
sentiment neutral
materiality 0.45
First Watch reports secondary offering of 6.9M shares by selling shareholders at $23.99
First Watch Restaurant Group, Inc.
- Selling shareholders sold 6,000,000 shares at $23.99 each; underwriter’s 30-day option for 900,000 additional shares was fully exercised.
- Offering closed March 12, 2024; First Watch did not sell any shares and will not receive any proceeds.
- Underwriting agreement filed as Exhibit 1.1 with customary representations, warranties, and indemnification terms.