Blue Apron Announces Pricing of Public Offering of Class A Common Stock
June 16 2021 - 8:30AM
Business Wire
Blue Apron Holdings, Inc. (NYSE: APRN) today announced the
pricing of its underwritten public offering of 4,706,000 shares of
its Class A common stock at a public offering price of $4.25 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 $20.0 million. In
addition, Blue Apron has granted the underwriter a 30-day option to
purchase up to 705,900 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
June 18, 2021, subject to the satisfaction of customary closing
conditions.
Canaccord Genuity is acting as the sole 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. Electronic copies of the
preliminary prospectus supplement and the accompanying prospectus
relating to the offering have been filed with the SEC and made
available on the SEC’s website at www.sec.gov, and the final
prospectus supplement will be filed with the SEC and made available
on its website. When available, copies of the final prospectus
supplement and the accompanying prospectus may also be obtained by
contacting Canaccord Genuity LLC, 99 High Street, Suite 1200,
Boston, Massachusetts 02110, Attn: Syndicate Department, or 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 vision is “better living through better food.”
Launched in 2012, Blue Apron offers fresh, chef-designed recipes
that empower home cooks to embrace their culinary curiosity and
challenge their abilities to see what a difference cooking quality
food can make in their lives. Through its mission to spark
discovery, connection and joy through cooking, Blue Apron
continuously focuses on bringing incredible recipes to its
customers, while minimizing its carbon footprint, reducing food
waste, and promoting diversity and inclusion.
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 public
offering and the anticipated timing and completion of the public
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 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 supplement filed with the SEC, in Blue
Apron’s Quarterly Report on Form 10-Q for the quarter ended March
31, 2021 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210616005561/en/
Investor investor.relations@blueapron.com
Joseph Jaffoni, Richard Land, James Leahy JCIR aprn@jcir.com or
(212) 835-8500
Media Muriel Lussier Blue Apron
muriel.lussier@blueapron.com
Blue Apron (NYSE:APRN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Blue Apron (NYSE:APRN)
Historical Stock Chart
From Apr 2023 to Apr 2024