Dutch Bros Inc. (BROS) Prices 11.54M Share Offering at $26/sh

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Dutch Bros Inc. Announces Pricing of $300 Million Offering of Class A Common Stock

September 7, 2023 10:59 PM EDT

GRANTS PASS, Ore.--(BUSINESS WIRE)-- Dutch Bros Inc. (NYSE: BROS; Dutch Bros) today announced the pricing of an underwritten offering of 11,538,461 shares of its Class A Common Stock at a price to the public of $26.00 per share. The gross proceeds from this offering are expected to be approximately $300 million, before deducting underwriting discounts and commissions and other offering expenses payable by Dutch Bros, and assuming no exercise of the underwriters option to purchase additional shares. The offering is expected to close on or about September 12, 2023, subject to the satisfaction of customary closing conditions. All of the shares of Class... More