Waitr Holdings Inc. Announces Pricing of Follow-on Public Offering
May 17 2019 - 8:00AM
Business Wire
Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr”), a leader in
on-demand food ordering and delivery, today announced the pricing
of its follow-on public offering of 6,757,000 shares of its common
stock at a price to the public of $7.40 per share (the “Offering”)
resulting in gross proceeds of $50.0 million. The Offering is
expected to close on May 21, 2019, subject to customary closing
conditions. In addition, Waitr has granted the underwriters a
30-day option to purchase up to an additional 1,013,550 shares of
its common stock.
Waitr intends to use the net proceeds from the Offering for
general corporate purposes, which may include, but is not limited
to, acquisitions, expansion into new markets, working capital and
the repayment of debt.
Jefferies and RBC Capital Markets are acting as joint
book-running managers.
The securities described above are being offered by Waitr
pursuant to a shelf registration statement on Form S-3 that was
filed with the U.S. Securities and Exchange Commission (the “SEC”)
on April 4, 2019 and was declared effective on April 26, 2019. A
preliminary prospectus supplement and the accompanying prospectus
relating to the Offering have been filed by Waitr with the SEC and
are available on the SEC’s website at www.sec.gov. A final
prospectus supplement and the accompanying prospectus relating to
the Offering will be filed by Waitr with the SEC. Copies of the
preliminary prospectus supplement and the accompanying prospectus,
and the final prospectus supplement and the accompanying
prospectus, when available, relating to the Offering may be
obtained by contacting Jefferies, Attention: Equity Syndicate
Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY
10022, by telephone at 877-821-7388 or by email at
Prospectus_Department@Jefferies.com; or RBC Capital Markets,
Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York,
NY 10281-8098, or by telephone at (877) 822-4089 or by email at
equityprospectus@rbccm.com.
The Offering was made only by means of a prospectus, including a
prospectus supplement, that forms part of the registration
statement referred to above. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
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 Waitr Holdings Inc.
Founded in 2013 and based in Lake Charles, Louisiana, Waitr is a
leader in on-demand food ordering and delivery. The Waitr
platforms connect local restaurants to hungry diners in small and
medium sized U.S. markets, providing a convenient way for diners to
discover, order and receive great food from a wide variety of local
restaurants and national chains. As of March 31, 2019, Waitr
operated in small and medium sized markets in the United States
across approximately 700 cities.
Cautionary Note Concerning Forward-Looking Statements
This press release contains “forward-looking statements,” as
defined by the federal securities laws. Forward-looking statements
reflect Waitr’s current expectations and projections about future
events at the time, and thus involve uncertainty and risk. The
words “believe,” “expect,” “anticipate,” “will,” “could,” “would,”
“should,” “may,” “plan,” “estimate,” “intend,” “predict,”
“potential,” “continue,” and the negatives of these words and other
similar expressions generally identify forward-looking statements.
The forward-looking statements include, but are not limited to,
statements regarding the Offering, including the expected closing
date, the use of proceeds from the Offering, and the filing of a
final prospectus supplement. Such forward-looking statements are
subject to various risks and uncertainties, including those
described under the section entitled “Risk Factors” in Waitr’s
Annual Report on Form 10-K for the year ended December 31, 2018, as
such factors may be updated from time to time in Waitr’s periodic
filings with the SEC, which are accessible on the SEC’s website at
www.sec.gov. Accordingly, there are or will be important factors
that could cause actual outcomes or results to differ materially
from those indicated in these statements. These factors should not
be construed as exhaustive and should be read in conjunction with
the other cautionary statements that are included in this release
and in Waitr’s filings with the SEC. While forward-looking
statements reflect Waitr’s good faith beliefs, they are not
guarantees of future performance. Waitr disclaims any obligation to
publicly update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, new information, data
or methods, future events or other changes after the date of this
press release, except as required by applicable law. You should not
place undue reliance on any forward-looking statements, which are
based only on information currently available to Waitr (or to third
parties making the forward-looking statements).
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