First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock
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First Watch Restaurant Group, Inc. announced a secondary offering of 8,000,000 shares of common stock by Advent International, L.P. This offering does not involve the issuance of new shares by the company.
November 12, 2024 | 11:30 am
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First Watch Restaurant Group, Inc. is undergoing a secondary offering of 8 million shares by Advent International. This does not involve new shares from the company, potentially affecting stock liquidity and price.
The secondary offering by Advent International involves existing shares, which can increase the supply of shares in the market, potentially leading to a short-term decrease in stock price due to increased liquidity. However, since no new shares are issued by the company, there is no dilution of existing shareholders' equity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100