First Watch Restaurant (FWRG) Announces 8M Share Secondary Offering

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Go back to First Watch Restaurant (FWRG) Announces 8M Share Secondary Offering

First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock

November 12, 2024 6:06 AM EST

BRADENTON, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (FWRG or the Company) (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the launch of an underwritten secondary offering (the Offering) by certain funds managed by Advent International, L.P. (the Selling Stockholders) of 8,000,000 shares of the Companys common stock (Common Stock).

The underwriter has a 30-day option to purchase up to an additional 1,200,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions.

The Selling... More