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By The Online Investor Staff, updated Sat., Apr. 20, 6:03 AM
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Secondary Stock Offerings| This Slide: #25 of 25 |
Slide #25. Dutch Bros Inc. — Secondary Offering
Company:
Dutch Bros Inc. (NYSE:BROS)
Date announced:
3/21/2024
Shares Offered:
8,000,000
Date of Pricing:
3/21/2024
Price Per Share:
$34.00
Secondary Offering Details:
Dutch Bros Inc. (NYSE:BROS) today announced commencement of a registered underwritten public offering of its Class A common stock, par value $0.00001 per share (the "Common Stock"), by certain selling stockholders associated with TSG Consumer Partners, L.P. (the "Selling Stockholders"). The Selling Stockholders intend to offer 8,000,000 shares of Common Stock pursuant to a registration statement on Form S-3 filed with the Securities and Exchange Commission (the "SEC"). The Selling Stockholders also intend to grant the underwriter a 30-day option to purchase up to an additional 1,200,000 shares of Common Stock. -updated 3/21- Dutch Bros Inc. (NYSE:BROS) 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 a holding company. Through its susidiaries, Co. is in the business of operating and franchising drive-thru coffee shops as well as the wholesale sale and distribution of coffee, coffee-related products and accessories. Co.'s shops are located in Arizona, California, Colorado, Idaho, Kansas, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, and Washington. Co.'s beverage-focused lineup features hot and cold espresso-based beverages, cold brew coffee products, its proprietary Dutch Bros. Co.'s Private Reserve coffee is an Arabica three bean blend sourced through its in-house coffee roasting facility and extracted using the La Marzocco machines to deliver shots of espresso.
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Avg. Broker Rec.
 
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Buy (3.09 out of 4) 100th percentile
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