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Benzinga
Benzinga
Business
Shivani Kumaresan

Freshpet Raises $350M Via Equity Offering

Freshpet FRPT BofA Securities Jefferies Nasdaq Truist Securities
  • Freshpet Inc (NASDAQ:FRPT) has priced the follow-on offering of 4.3 million shares at $81 per share.
  • The offer price represents a 2.3% discount on the company’s closing price on May 3, 2022.
  • Freshpet has also granted the underwriters a 30-day option to purchase up to 0.6 million additional shares of its common stock.
  • The offering is expected to close on May 6, 2022.
  • BofA Securities, Jefferies, and Truist Securities are acting as lead book-running managers for the offering. 
  • Price Action: FRPT shares closed lower by 10.93% at $82.92 on Tuesday.
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