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Dutch Bros (NYSE:BROS) priced underwritten public offering by sure promoting stockholders related to TSG Client Companions of 8M shares at a public providing value of $34.00 per share.
The providing is predicted to shut on or about March 26, 2024.
Underwriters have a 30-day choice to buy as much as an extra 1.2M shares.
The corporate is just not providing any shares and won’t obtain any proceeds from the sale of shares by the promoting stockholders however will bear a portion of the prices related to the sale of such shares, aside from any underwriting reductions and commissions.
The inventory value is down 4.6% on Friday throughout pre-market hours of buying and selling.