Muscle Maker Grill Announces Pricing of $7.7 Million Initial Public Offering
February 13 2020 - 10:38AM
Muscle Maker, Inc. (“Muscle Maker” or the “Company”) announced
that it priced on February 12, 2020 its initial public offering of
1,540,000 shares of common stock at a price to the public
of $5.00 per share. In addition, the Company has granted
the underwriter a 45-day option to purchase up to an additional
231,000 shares of common stock at the initial public offering
price. The total proceeds paid to the Company in the initial public
offering or upon exercise of the underwriter’s option will be
reduced by underwriting discounts and commissions and other costs
arising in the offering. The shares are expected to begin trading
on the Nasdaq Capital Market on February 13, 2020 under
the ticker symbol “GRIL.” The offering is expected to close
on February 18, 2020, subject to the satisfaction of customary
closing conditions.
Alexander Capital, L.P. served as
underwriter for the offering.
The offering is being made only by means of a
prospectus. Copies of the final prospectus relating to this
offering, when available, may be obtained from Alexander Capital
L.P., 17 State Street, New York, New York 10014.
A registration statement on Form S-1 relating to
these securities has been filed with the Securities and
Exchange Commission and was declared effective
on February 12, 2020. 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 Muscle Maker Grill
Founded in 1995 in Colonia, New Jersey, Muscle
Maker Grill features high quality, great tasting food, freshly
prepared with proprietary recipes. The menu, created with the
guest’s health in mind, is lean and protein based. It features
all-natural chicken, grass fed steak, lean turkey, whole wheat
pasta, wraps, bowls and more. It also offers a wide selection of
fruit smoothies in a variety of assorted flavors, protein shakes
and supplements. For more information on Muscle Maker Grill, visit
www.musclemakergrill.com.
Forward-Looking Statements
This press release may include
“forward-looking statements.” To the extent that the information
presented in this press release discusses financial projections,
information, or expectations about our business plans, results of
operations, products or markets, or otherwise makes statements
about future events, such statements are forward-looking. Such
forward-looking statements can be identified by the use of words
such as “should”, “may,” “intends,” “anticipates,” “believes,”
“estimates,” “projects,” “forecasts,” “expects,” “plans,” and
“proposes.” Although we believe that the expectations reflected in
these forward-looking statements are based on reasonable
assumptions, there are a number of risks and uncertainties that
could cause actual results to differ materially from such
forward-looking statements. You are urged to carefully review and
consider any cautionary statements and other disclosures, including
the statements made under the heading “Risk Factors” and elsewhere
in documents that we file from time to time with the
SEC. Forward-looking statements speak only as of the date of
the document in which they are contained, and Muscle Maker, Inc
does not undertake any duty to update any forward-looking
statements except as may be required by law.
Contact:MJ
ClyburnTraDigital IR 575
5th Avenue, 14th FloorNew York, NY 10017M: 917-327-6847
Muscle Maker Grill Marketing
Teammarketing@musclemakergrill.comM: 215-850-7251
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