Dutch Bros Inc. Announces Proposed Public Offering of Class A Common Stock
06 Setembro 2023 - 5:15PM
Business Wire
Dutch Bros Inc. (NYSE: BROS; “Dutch Bros”) today announced that
it has commenced an underwritten public offering of $300 million of
shares of its Class A Common Stock. In addition, Dutch Bros expects
to grant the underwriters a 30-day option to purchase up to an
additional $45 million of shares of its Class A Common Stock. The
proposed offering is subject to market and other conditions, and
there can be no assurance as to whether or when the proposed
offering may be completed, or the actual size or terms of the
proposed offering.
BofA Securities, J.P. Morgan Securities LLC, and Jefferies LLC
are acting as lead book-running managers for the proposed
offering.
The proposed offering is being made pursuant to an automatic
shelf registration statement on Form S-3 that was filed by Dutch
Bros with the U.S. Securities and Exchange Commission (the “SEC”)
today and automatically became effective upon filing. A preliminary
prospectus supplement and accompanying prospectus relating to and
describing the terms of the offering have been filed with the SEC
and are available on the SEC’s website at www.sec.gov. Copies of
the preliminary prospectus supplement and accompanying prospectus,
when available, may be obtained by contacting BofA Securities by
email at dg.prospectus_requests@bofa.com (or via mail at BofA
Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC
28255-0001, Attn: Prospectus Department), J. P. Morgan Securities
LLC at (866) 803 803-9204 or by email at pros
pectuseq_fi@jpmorganchase.com, or Jefferies LLC at (877) 821
821-7388 or by email at Prospectus_Department@Jefferies.com. The
final terms of any offering will be disclosed in a final prospectus
supplement.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
About Dutch Bros Inc.
Dutch Bros Inc. is a high growth operator and franchisor of
drive-thru shops that focus on serving high QUALITY, hand-crafted
beverages with unparalleled SPEED and superior SERVICE. Founded in
1992 by brothers Dane and Travis Boersma, Dutch Bros began with a
double-head espresso machine and a pushcart in Grants Pass, Oregon.
While espresso-based beverages are still at the core of what we do,
Dutch Bros now offers a wide variety of unique, customizable cold
and hot beverages that delight a broad array of customers. We
believe Dutch Bros is more than just the products we serve—we are
dedicated to making a massive difference in the lives of our
employees, customers and communities.
Forward-Looking Statements
This press release contains “forward-looking statements” as
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation, statements
relating to Dutch Bros’ expectations regarding the proposed public
offering. Such forward-looking statements are subject to known and
unknown risks, uncertainties, assumptions and other important
factors, many of which are outside Dutch Bros’ control that could
cause actual results to differ materially from the results
discussed in the forward-looking statements, including those
related to market conditions, the risk that the proposed public
offering will not be consummated on the terms or in the amounts
contemplated or otherwise, the satisfaction of customary closing
conditions related to the proposed public offering, and other
risks, including those described under the heading “Risk Factors”
in Dutch Bros’ Form 10-Q for the quarter ended June 30, 2023, filed
with the SEC on August 9, 2023 and in the preliminary prospectus
supplement and accompanying prospectus related to the proposed
public offering filed or to be filed with the SEC on September 6,
2023. Forward-looking statements contained in this press release
are made as of this date, and Dutch Bros undertakes no duty to
update such information except as required under applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230906402609/en/
For Investor Relations inquiries: Raphael Gross ICR (203)
682-8253 investors@dutchbros.com For Media Relations
inquiries: Jessica Liddell ICR (203) 682-8208
jessica.liddell@icrinc.com
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