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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Oct. 3, 12:59 PM

Slide #17. First Watch Restaurant Group, Inc. Secondary Offering

Company: First Watch Restaurant Group, Inc. (NASDAQ:FWRG)
Date announced: 9/12/2022
Shares Offered: 4,500,000
Date of Pricing: 9/14/2022
Price Per Share: $15.50
Secondary Offering Details: First Watch Restaurant Group, Inc. (NASDAQ: FWRG) ("First Watch" or "the Company"), the Daytime Dining concept serving breakfast, brunch and lunch, today announced that certain stockholders of the Company (the "Selling Stockholders") intend to offer 4,500,000 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"), in an underwritten secondary public offering. The Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 675,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering. -updated 9/14- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) ("First Watch" or "the Company"), the Daytime Dining concept serving breakfast, brunch and lunch, announced today the pricing of an underwritten secondary public offering by certain stockholders of the Company (the "Selling Stockholders") of 4,500,000 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"), at a price to the public of $15.50 per share. The offering is expected to close on September 19, 2022, subject to the satisfaction of customary closing conditions. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering. In addition, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions.

Number of ETFs Holding FWRG:  10
Total Market Value Held by ETFs:  $10.01M
  First Watch Restaurant Group, Inc. : trading symbol FWRG
 

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October 3, 2022    12:59 PM Eastern
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Strong Buy (3.70 out of 4)
61st percentile
(ranked higher than approx. 61% of all stocks covered)
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