Kura Sushi USA Announces Closing of $68.0 Million Public Offering of Common Stock
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Kura Sushi USA has successfully closed a $68 million public offering of its Class A common stock, selling 800,328 shares at $85 each. The company received approximately $64.6 million after underwriters' discounts.
November 13, 2024 | 9:15 pm
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Kura Sushi USA completed a public offering of 800,328 shares at $85 per share, raising approximately $64.6 million after discounts. This capital infusion could support expansion or operational improvements.
The successful closing of the public offering provides Kura Sushi with significant capital, which can be used for expansion or operational improvements. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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