Shake Shack Announces Pricing of Secondary Offering of Common Stock

NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK), today announced the pricing of a secondary offering of 4,000,000 shares of its Class A common stock by certain of the Company’s stockholders (the “Selling Stockholders”) at a price of $60.00 per share. In addition, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 600,000 additional shares of the Company’s Class A common stock at the public offering price. All of the shares in the offering were offered by the Selling Stockholders and the Company will not receive any proceeds from the sale of these shares by the Selling Stockholders. The closing of the offering is expected to occur on August 18, 2015, subject to the satisfaction of customary closing conditions.

J.P. Morgan Securities LLC is acting as sole lead book-running manager in the offering. Morgan Stanley & Co. LLC, Barclays Capital Inc., Goldman, Sachs & Co., Jefferies LLC, William Blair & Company, L.L.C. and Stifel are acting as book-running managers in the offering.

The offering will be made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-free at (866) 803-9204.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on August 12, 2015. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Shake Shack

Shake Shack® (NYSE: SHAK) is a modern day “roadside” burger stand known for its 100% all-natural, antibiotic-free Angus beef burgers (no hormones added ever), hot dogs, frozen custard, crinkle cut fries, beer and wine (available at select locations), and more. With its fresh, simple, high-quality food at a great value, Shake Shack is a fun and lively community-gathering place with widespread appeal. From its premium ingredients and caring hiring practices to its environmentally responsible designs and deep community investment, Shake Shack’s mission is to Stand For Something Good®. Since the original Shack opened in 2004 in NYC’s Madison Square Park, the Company has opened multiple locations in 12 states and the District of Columbia, as well as international locations including in London, Istanbul, Dubai, Moscow, and more.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150812006359/en/

Investors:
ICR
Michelle Epstein, (844) SHACK-04 (844-742-2504)
[email protected]
or
Media:
Shake Shack
Edwin Bragg, 646-747-6654
[email protected]

Source: Shake Shack Inc.

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