Blue Apron Announces Pricing of Public Offering of Class A Common Stock
August 05 2020 - 11:51PM
Business Wire
Blue Apron Holdings, Inc. (NYSE: APRN) today announced the
pricing of its underwritten public offering of 4,000,000 shares of
its Class A common stock at a public offering price of $9.25 per
share. The gross proceeds to Blue Apron from the offering, before
deducting underwriting discounts and commissions and estimated
offering expenses payable by Blue Apron, and without giving effect
to any exercise of the underwriters’ option to purchase additional
shares, are expected to be approximately $37 million. In addition,
Blue Apron has granted the underwriters a 30-day option to purchase
up to 600,000 additional shares of Class A common stock at the
public offering price, less the underwriting discounts and
commissions. All of the shares in the public offering are to be
sold by Blue Apron. The offering is expected to close on or about
August 10, 2020, subject to the satisfaction of customary closing
conditions.
Morgan Stanley is acting as active book-running manager and
Canaccord Genuity is acting as passive book-running manager for the
offering.
A registration statement on Form S-3 relating to these
securities has been filed with the Securities and Exchange
Commission (SEC) and has become effective. This offering is being
made only by means of a prospectus and prospectus supplement that
form a part of the registration statement. Preliminary and final
prospectus supplements and the accompanying prospectus relating to
the offering will be filed with the SEC and made available on the
SEC’s website at www.sec.gov. When available, copies of the final
prospectus supplement and the accompanying prospectus may also be
obtained by contacting Morgan Stanley & Co. LLC, Attention:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, New
York 10014 or Canaccord Genuity LLC, 99 High Street, Suite 1200,
Boston, Massachusetts 02110, Attn: Syndicate Department, by email
at prospectus@cgf.com.
This press release shall not constitute an offer to sell or a
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 Blue Apron
Blue Apron’s mission is to make incredible home cooking
accessible to everyone. Launched in 2012, Blue Apron is reimagining
the way that food is produced, distributed, and consumed, and as a
result, building a better food system that benefits consumers, food
producers, and the planet. Blue Apron has developed an integrated
ecosystem that enables the company to work in a direct, coordinated
manner with farmers and artisans to deliver high-quality products
to customers nationwide at compelling values.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of The Private Securities Litigation Reform Act of
1995. Such forward-looking statements include, but are not limited
to, those regarding the expected closing of the offering and
anticipated proceeds from the offering. The words “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “intend,”
“hope,” “may,” “plan,” “possible,” “potential,” “predict,”
“project,” “should,” “target,” “would” and similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Such
statements are subject to numerous important factors, risks and
uncertainties that may cause actual events or results to differ
materially from current expectations and beliefs, including, but
not limited to: risks and uncertainties related to the satisfaction
of customary closing conditions related to the public offering, the
impact of general economic, industry or political conditions in the
United States or internationally including the ongoing COVID-19
pandemic and other important risk factors set forth under the
caption “Risk Factors” in the preliminary prospectus relating to
the offering, Blue Apron’s Quarterly Report on Form 10-Q for the
quarter ended June 30, 2020, and in any other subsequent filings
made with the SEC by Blue Apron. Any forward-looking statements
contained in this press release speak only as of the date hereof,
and Blue Apron specifically disclaims any obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200805006119/en/
For Blue Apron
Media press@blueapron.com
Investors investor.relations@blueapron.com
aprn@jcir.com
Blue Apron (NYSE:APRN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Blue Apron (NYSE:APRN)
Historical Stock Chart
From Sep 2023 to Sep 2024