Secondary Stock OfferingsBy The Online Investor Staff, updated Sat., Sep. 19, 8:55 AM
|This Slide: #14 of 25|
Slide #14. Muscle Maker, Inc. — Secondary Offering
Muscle Maker, Inc. (NASDAQ:GRIL)
Date of Pricing:
Price Per Share:
Secondary Offering Details:
Muscle Maker, Inc. (Nasdaq: GRIL) ("Muscle Maker" or the "Company") announced that it priced on September 10, 2020 its underwritten public offering of 3,294,118 shares of common stock at a price to the public of $1.70 per share. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 494,117 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on September 15, 2020, subject to the satisfaction of customary closing conditions.
Muscle Maker is a holding company. Through its subsidiaries, Co. is a fast casual restaurant concept that focuses on preparing made-to-order lean, protein-based meals featuring chicken, seafood, pasta, hamburgers, wraps and flat breads. In addition, Co. features entree salads and a selection of sides, protein shakes and fruit smoothies. Co. and its subsidiaries and franchisees operate several Muscle Maker Grill restaurants located in several states and Kuwait.
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