Exhibit 99.2
For Immediate Release
Kura Sushi USA Announces Pricing of
Public Offering of Common Stock
Irvine,
CA. November 12, 2024 Kura Sushi USA, Inc. (Kura Sushi or the Company) (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced that it has priced its previously announced underwritten
public offering of 695,938 shares of its Class A common stock at a public offering price of $85.00 per share, for expected proceeds of approximately $56.2 million, net of the underwriters discount. All shares of Class A common
stock are being offered by the Company. As part of the offering, Kura Sushi also granted the underwriters a 30-day option to purchase up to an additional 104,390 shares of its Class A common stock to
cover over-allotments, if any. If the underwriters exercise their over-allotment option in full, the expected proceeds of the offering, net of the underwriters discount, would be approximately $64.6 million. The offering is expected to
close on November 13, 2024, subject to customary closing conditions.
Kura Sushi intends to use the net proceeds from the offering for general
corporate purposes, including capital expenditures, working capital, and other business purposes.
William Blair & Company, L.L.C., Barclays
Capital Inc. and TD Securities (USA) LLC are acting as joint book-running managers for the offering. Craig-Hallum Capital Group LLC, Roth Capital Partners, LLC and The Benchmark Company, LLC are acting as
co-managers for the offering.
The offering is being made pursuant to an effective shelf registration statement
including a base prospectus that has been filed with the Securities and Exchange Commission (the SEC) and declared effective and is available on the SEC website. A preliminary prospectus supplement and the accompanying base prospectus
related to the offering have been filed with the SEC and are available on the SEC website. Copies of these documents may be obtained from William Blair & Company, L.L.C., Attn: Prospectus Department, 150 North Riverside Plaza, Chicago,
Illinois 60606, by telephone at 1-800-621-0687 or by email at: prospectus@williamblair.com; Barclays Capital Inc. c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at 1-888-603-5847 or by email at:
barclaysprospectus@broadridge.com; or TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, NY 10017, by telephone at
1-855-495-9846 or by email at TD.ECM_Prospectus@tdsecurities.com.
This press release does 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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Kura Sushi USA, Inc.
Kura Sushi USA, Inc. is a
technology-enabled Japanese restaurant concept with 70 locations across 20 states and Washington DC. The Company offers guests a distinctive dining experience built on authentic Japanese cuisine and an engaging revolving sushi service model. Kura
Sushi USA, Inc. was established in 2008 as a subsidiary of Kura Sushi, Inc., a Japan-based revolving sushi chain with over 550 restaurants and 40 years of brand history. -
Forward-Looking Statements
Except for historical
information contained herein, the statements in this press release or otherwise made by the Companys management in connection with the subject matter of this press release are forward-looking statements (as such term is defined in the Private
Securities Litigation Reform Act of 1995) and involve risks and uncertainties and are subject to change based on various important factors. This press release includes forward-looking statements that are based on managements current estimates
or expectations of future events or future results. These statements are not historical in nature and can generally be identified by such words as target, may, might, will, objective,