Book-Running Manager
Kura Sushi USA, Inc.
Equity Capital Markets
Follow-on Offering
Transaction Details
- On April 10, 2023, Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) announced the pricing of an underwritten public offering of 1,100,000 shares of its Class A common stock at a price to the public of $54.00 per share
- The offering consisted of 100% primary shares offered by Kura Sushi
- Kura Sushi also granted the underwriters a 30-day option to purchase up to an additional 165,000 shares of its Class A common stock
- Kura Sushi intends to use the net proceeds from the offering for general corporate purposes, including capital expenditures, working capital, and other business purposes
About the company
Kura Sushi USA, Inc
Kura Sushi USA, Inc (NASDAQ: KRUS) is a technology-enabled Japanese restaurant concept with 45 locations across 14 states and Washington, D.C. The Company offers guests a distinctive dining experience built on authentic Japanese cuisine and an engaging revolving sushi service model. Kura Sushi USA, Inc. was established in 2008 as a subsidiary of Kura Sushi, Inc., a Japan-based revolving sushi chain with over 500 restaurants and 40 years of brand history. For more information, please visit www.kurasushi.com.
Sources: Company filings and press release.
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/1772177/000119312523096561/d477332d424b5.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.
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