Franchise Group (FRG) Announces 3.5M Share Proposed Public Offering of Common Stock

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Go back to Franchise Group (FRG) Announces 3.5M Share Proposed Public Offering of Common Stock

Franchise Group, Inc. Announces Proposed Public Offering of Common Stock

June 25, 2020 4:03 PM EDT

VIRGINIA BEACH, Va., June 25, 2020 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (Franchise Group or the Company) announced today that it intends to offer and sell 3,500,000 shares of its common stock in an underwritten public offering. In addition, the Company intends to grant the underwriters a 30-day option to purchase additional shares of common stock equal to up to 15% of the number of shares of common stock offered. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the... More