Kura Sushi USA Announces Closing of $56.9 Million Public Offering of Common Stock
IRVINE, Calif., July 23, 2021 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (Kura Sushi or the Company), (NASDAQ: KRUS), a fast-growing technology-enabled Japanese restaurant concept, today announced the closing of its underwritten public offering of 1,265,000 shares of its Class A common stock at a public offering price of $45.00 per share, including the exercise in full by the underwriters of their option to purchase an additional 165,000 shares of Class A common stock.
- IRVINE, Calif., July 23, 2021 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (Kura Sushi or the Company), (NASDAQ: KRUS), a fast-growing technology-enabled Japanese restaurant concept, today announced the closing of its underwritten public offering of 1,265,000 shares of its Class A common stock at a public offering price of $45.00 per share, including the exercise in full by the underwriters of their option to purchase an additional 165,000 shares of Class A common stock.
- The Company received proceeds from the offering, net of the underwriters discount, of approximately $54.1 million.
- Kura Sushi USA, Inc. is a fast-growing technology-enabled Japanese restaurant concept with 32 locations in nine states and Washington DC.
- Kura Sushi USA, Inc. was established in 2008 as a subsidiary of Kura Sushi, Inc., a Japan-based revolving sushi chain with over 480 restaurants and 35 years of brand history.