Kura Sushi USA Raises $56M Via Equity Offering

  • Kura Sushi USA Inc KRUS priced its previously announced underwritten public offering of 1.1 million shares at an offer price of $54 per share.
  • As part of the offering, the company also granted the underwriters a 30-day option to purchase up to an additional 0.16 million shares. The offering is expected to close on April 13, 2023.
  • The company expects to receive proceeds of $56.4 million from the offering. The expected proceeds of the offering will be $64.9 million if the underwriters exercise their over-allotment option.
  • Kura Sushi intends to use the net proceeds from the offering for general corporate purposes.
  • Price Action: KRUS shares are trading higher by 2.607% at $58.51 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsOfferingsSmall CapGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!