Dutch Bros Inc. Announces Pricing of Secondary Public Offering of Class A Common Stock
2024年3月22日 - 8:24AM
ビジネスワイヤ(英語)
Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”)
today announced pricing of the previously announced registered
underwritten public offering by certain selling stockholders
associated with TSG Consumer Partners, L.P. (the “Selling
Stockholders”) of 8,000,000 shares of Dutch Bros’ Class A common
stock, par value $0.00001 per share (the “Common Stock”) at a
public offering price of $34.00 per share. The offering is expected
to close on or about March 26, 2024, subject to the satisfaction of
customary closing conditions. The Selling Stockholders granted the
underwriters a 30-day option to purchase up to an additional
1,200,000 shares of Common Stock.
Dutch Bros is not offering any shares of Common Stock in this
offering and will not receive any proceeds from the sale of shares
of Common Stock by the Selling Stockholders but will bear a portion
of the costs associated with the sale of such shares, other than
any underwriting discounts and commissions.
Upon completion of this offering, one of the directors nominated
by the Selling Stockholders will resign from the Dutch Bros board
of directors, and, pursuant to the stockholders agreement that
Dutch Bros previously entered with the certain affiliates of our
co-founder and the Selling Stockholders and Dutch Bros’ amended and
restated certificate of incorporation, the Selling Stockholders
will only have the right to designate one director to the Dutch
Bros board of directors.
Morgan Stanley is acting as the sole underwriter for the
offering.
A shelf registration statement on Form S-3 relating to Dutch
Bros’ securities, including the Common Stock, has been filed with
the SEC and became effective upon such filing. The offering will be
made only by means of a free writing prospectus, a prospectus
supplement and an accompanying prospectus. Before you invest, you
should read the prospectus supplement, the accompanying prospectus,
the documents incorporated by reference therein and any other
documents that Dutch Bros may file with the SEC for more complete
information about Dutch Bros and the offering. A copy of the
prospectus supplement and the accompanying prospectus relating to
the offering may be obtained, when available, by visiting the SEC’s
website at www.sec.gov. Alternatively, copies of the prospectus
supplement relating to the offering may be obtained, when
available, by requesting it from: Morgan Stanley & Co. LLC, 180
Varick St., 2nd Floor, New York, NY 10014.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any offer or sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction.
About Dutch Bros Inc.
Dutch Bros Inc. (NYSE: BROS) is a high growth operator and
franchisor of drive-thru shops that focus on serving high QUALITY,
hand-crafted beverages with unparalleled SPEED and superior
SERVICE. Founded in 1992 by brothers Dane and Travis Boersma, Dutch
Bros began with a double-head espresso machine and a pushcart in
Grants Pass, Oregon. While espresso-based beverages are still at
the core of what we do, Dutch Bros now offers a wide variety of
unique, customizable cold and hot beverages that delight a broad
array of customers. We believe Dutch Bros is more than just the
products we serve—we are dedicated to making a massive difference
in the lives of our employees, customers and communities.
Forward-Looking Statements
In addition to historical information, this release contains a
number of “forward-looking statements” as defined in the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include, without limitation, the intended size and terms
of the proposed offering of shares of Common Stock by the Selling
Stockholders. These statements are based on Dutch Bros’ current
expectations and beliefs, as well as a number of assumptions
concerning future events. When used in this press release, the
words “intends,” “estimates,” “projected,” “expects,” “should,”
“guidance,” and variations of these words or similar expressions
(or the negative versions of such words or expressions) are
intended to identify forward-looking statements. Such
forward-looking statements are subject to known and unknown risks,
uncertainties, assumptions and other important factors, including
many of which are outside Dutch Bros’ control that could cause
actual results to differ materially from the results discussed in
the forward-looking statements, including those related to the
satisfaction of customary closing conditions related to the
proposed secondary offering and those described under the heading
“Risk Factors” in the registration statement on Form S-3 related to
the shares of Common Stock filed with the SEC on September 6, 2023,
in our Annual Report on Form 10-K for the year ended December 31,
2023 filed with the SEC on February 23, 2024 and in our future
reports to be filed with the SEC. Forward-looking statements
contained in this press release are made as of this date, and Dutch
Bros undertakes no duty to update such information except as
required under applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240321267676/en/
For Investor Relations inquiries: Raphael Gross ICR (203)
682-8253 investors@dutchbros.com For Media Relations
inquiries: Jessica Liddell ICR (203) 682-8208
jessica.liddell@icrinc.com
Dutch Bros (NYSE:BROS)
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Dutch Bros (NYSE:BROS)
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から 5 2023 まで 5 2024