Franchise Group (FRG) Announces 4.2M Share Upsized Common Offering at $23.25/Sh

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Go back to Franchise Group (FRG) Announces 4.2M Share Upsized Common Offering at $23.25/Sh

Franchise Group, Inc. Prices Upsized Public Offering of Common Stock

June 26, 2020 8:00 AM EDT

VIRGINIA BEACH, Va., June 26, 2020 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (Franchise Group or the Company) announced today the upsizing and pricing of its previously announced underwritten public offering of 4,200,000 shares of its common stock at a public offering price of $23.25 per share, for an aggregate offering amount of $97,650,000. The size of the offering was increased from the previously announced 3,500,000 shares of common stock. In addition, the Company has granted the underwriters a 30-day option to purchase up to 630,000 additional shares of common stock at the public offering price, less underwriting discounts and... More