Kura Sushi USA Announces Pricing of Public Offering of Common Stock
Kura Sushi USA, Inc. - Class A (KRUS)
Company Research
Source: GlobeNewswire
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. Kura Sushi intends
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KRUS
News
- Kura Sushi USA Announces Closing of $68.0 Million Public Offering of Common StockGlobeNewswire
- Kura Sushi USA Full Year 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Kura Sushi USA Announces Launch of Public Offering of Common StockGlobeNewswire
- Kura Sushi USA, Inc. (NASDAQ: KRUS) had its price target raised by analysts at Barclays PLC from $70.00 to $90.00. They now have an "equal weight" rating on the stock.MarketBeat
- Kura Sushi USA, Inc. (NASDAQ: KRUS) had its price target raised by analysts at Craig Hallum from $85.00 to $120.00. They now have a "buy" rating on the stock.MarketBeat
KRUS
Earnings
- 11/6/24 - Beat
KRUS
Sec Filings
- 11/13/24 - Form 8-K
- 11/12/24 - Form 424B5
- 11/12/24 - Form 8-K
- KRUS's page on the SEC website