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Kura Sushi USA, Inc.

Kura Sushi USA, Inc.

Transaction Details

  • On April 10, 2023, Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) announced the pricing of an underwritten public offering of 1,100,000 shares of its Class A common stock at a price to the public of $54.00 per share
  • The offering consisted of 100% primary shares offered by Kura Sushi
  • Kura Sushi also granted the underwriters a 30-day option to purchase up to an additional 165,000 shares of its Class A common stock
  • Kura Sushi intends to use the net proceeds from the offering for general corporate purposes, including capital expenditures, working capital, and other business purposes

About the company

Kura Sushi USA, Inc

Kura Sushi USA, Inc (NASDAQ: KRUS) is a technology-enabled Japanese restaurant concept with 45 locations across 14 states and Washington, D.C. 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 500 restaurants and 40 years of brand history. For more information, please visit www.kurasushi.com.