Kura Sushi USA Announces Closing of $68.3 Million Public Offering of Common Stock
IRVINE, Calif., April 13, 2023 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) (NASDAQ: KRUS), a 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 $54.00 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., April 13, 2023 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) (NASDAQ: KRUS), a 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 $54.00 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 $64.9 million.
- Kura Sushi intends to use the net proceeds from the offering for general corporate purposes, including capital expenditures, working capital, and other business purposes.
- Craig-Hallum Capital Group LLC and Roth Capital Partners acted as co-managers for this offering.