Driven Brands (DRVN) Prices 12M Share Offering at $29.50/sh

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Go back to Driven Brands (DRVN) Prices 12M Share Offering at $29.50/sh

Driven Brands Announces Pricing of Secondary Offering

August 4, 2021 8:17 PM EDT

CHARLOTTE, N.C., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (Driven Brands or the Company) (NASDAQ: DRVN), today announced the pricing of the underwritten secondary public offering of 12 million shares of Driven Brands common stock by Driven Equity LLC and RC IV Cayman ICW Holdings LLC (together the Selling Stockholders), each of which is a related entity of Roark Capital Management, LLC at a price of $29.50 per share. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock. Driven Brands is not... More