Blue Apron Announces Proposed Public Offering of Class A Common Stock
August 05 2020 - 4:30PM
Business Wire
Blue Apron Holdings, Inc. (NYSE: APRN) today announced that it
has commenced an underwritten public offering of 4,000,000 shares
of its Class A common stock. Blue Apron intends to grant the
underwriters a 30-day option to purchase up to an additional
600,000 shares of its Class A common stock. All of the shares in
the offering are to be sold by Blue Apron.
Morgan Stanley is acting as active book-running manager and
Canaccord Genuity is acting as passive book-running manager for the
offering. The offering is subject to market and other conditions,
and there can be no assurance as to whether or when the offering
may be completed or as to the actual size or terms of 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. The proposed offering is
being made only by means of a prospectus and prospectus supplement
that form a part of the registration statement. These documents are
or will be available on the SEC’s website at www.sec.gov. Copies of
the preliminary prospectus supplement and the accompanying
prospectus relating to the offering may also be obtained, when
available, 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. The final terms of the offering will be
disclosed in a final prospectus supplement to be filed with the
SEC.
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 Blue Apron’s plans to consummate its proposed
public offering and the anticipated final terms, timing and
completion of the proposed 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 whether or not
Blue Apron will be able to raise capital through the sale of shares
of Class A common stock, the final terms of the proposed offering,
market and other conditions, the satisfaction of customary closing
conditions related to the proposed 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 supplement to be filed with
the SEC, in 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. There can be no assurance that
Blue Apron will be able to complete the proposed public offering on
the anticipated terms, or at all. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200805006044/en/
Contacts for Blue Apron Media: press@blueapron.com
Investor: investor.relations@blueapron.com aprn@jcir.com
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