Famous Dave's of America (DAVE) Tops Q3 EPS by 4c, Beats on Revenues

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Famous Dave's of America (DAVE) Reports $1.5M Private Placement

November 13, 2017 4:07 PM EST

Famous Daves of America, Inc. (NASDAQ: DAVE) today announced that it completed a private placement of 418,169 shares of its common stock at $3.50 per share (the Shares), for aggregate proceeds of approximately $1.5 million, pursuant to a stock purchase agreement between the Company and PW Partners, LLC (PWP). The Shares were sold and issued to FS Special Opportunities I, L.P., a client of PWP and its designee under the purchase agreement. Pursuant to the purchase agreement, (a) the Company agreed to appoint an individual designated by PWP to serve on the Companys Board of... More