Kura Sushi USA Raises $56M Via Equity Offering

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  • 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.
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