USHG Acquisition Corp. (HUGS) and Panera Brands Will Not Extend Partnership

USHG Acquisition Corp. and Panera Brands Will Not Extend Partnership

Danny Meyer and USHG Acquisition Corp. to Resume Active Search for Category-leading Business that Embraces Enlightened Hospitality

NEW YORK--(BUSINESS WIRE)-- USHG Acquisition Corp. (NYSE: HUGS) (HUGS), a company sponsored by an affiliate of Union Square Hospitality Group, LLC, a leading hospitality business, and Panera Brands Inc. (Panera) announced today that, due to deteriorating capital market conditions, the parties have decided not to extend their previously announced agreement through which HUGS would have participated alongside the Panera Brands initial public offering.

Danny Meyer, Chairman of HUGS and founder of Union... More