Kura sushi usa announces pricing of public offering of common stock

Irvine, calif., nov. 12, 2024 (globe newswire) -- kura sushi usa, inc. (“kura sushi” or the “company”) (nasdaq: krus), a technology-enabled japanese restaurant concept, today announced that it has priced its previously announced underwritten public offering of 695,938 shares of its class a common stock at a public offering price of $85.00 per share, for expected proceeds of approximately $56.2 million, net of the underwriters' discount. all shares of class a common stock are being offered by the company. as part of the offering, kura sushi also granted the underwriters a 30-day option to purchase up to an additional 104,390 shares of its class a common stock to cover over-allotments, if any. if the underwriters exercise their over-allotment option in full, the expected proceeds of the offering, net of the underwriters' discount, would be approximately $64.6 million. the offering is expected to close on november 13, 2024, subject to customary closing conditions.
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