Mister Car Wash, Inc. Announces Secondary Offering of Common Stock by Selling Stockholders
August 24 2021 - 6:15AM
Business Wire
Mister Car Wash, Inc. (“Company” NYSE: MCW) today announced a
secondary offering of 12,000,000 shares of its common stock by
investment funds affiliated with Leonard Green & Partners,
L.P., several members of the Company’s management team and several
other pre-IPO investors of the Company (collectively, the “Selling
Stockholders”). The offering consists entirely of shares of common
stock to be sold by the Selling Stockholders. The Company will not
receive any proceeds from the sale of the shares of common stock by
the Selling Stockholders. The Selling Stockholders expect to grant
the underwriter a 30-day option to purchase up to 1,800,000
additional shares of common stock.
Morgan Stanley is acting as the sole underwriter for the
offering.
A shelf registration statement on Form S-1 (including a
prospectus) relating to the securities being sold in the offering
has been declared effective by the Securities and Exchange
Commission. The offering will be made only by means of a prospectus
supplement and an accompanying prospectus. You may get these
documents for free by visiting EDGAR on the SEC website at
www.sec.gov. Copies of the prospectus supplement, when available,
and the accompanying prospectus relating to this offering may be
obtained by contacting: Morgan Stanley & Co. LLC, Attention:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY
10014.
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 Mister Car Wash® | Inspiring People to Shine®
Headquartered in Tucson, Arizona, Mister Car Wash, Inc. (NYSE:
MCW) operates over 350 car washes nationwide and has the largest
car wash subscription program in North America. With over 25 years
of car wash experience, the Mister team is focused on operational
excellence and delivering a memorable customer experience through
elevated hospitality. The Mister brand is anchored in quality,
friendliness and a commitment to the communities we serve as good
stewards of the environment and the resources we use. We believe
that when you take care of your people, they take care of your
customers.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995, including with respect to the proposed offering. These
forward-looking statements are based on management’s current
expectations and beliefs. These statements are neither promises nor
guarantees, but involve known and unknown risks, uncertainties and
other important factors that may cause actual results to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements, including the factors discussed under the caption “Risk
Factors” in the Company’s Registration Statement on Form S-1 filed
with the Securities and Exchange Commission (the “SEC”) on July 27,
2021 (File No. 333-258186), as such factors may be updated from
time to time in its other filings with the SEC, including its
Quarterly Report on Form 10-Q for the quarterly period ended June
30, 2021, accessible on the SEC’s website at www.sec.gov and
Investors Relations section of the Company’s website at
www.mistercarwash.com.
These and other important factors could cause actual results to
differ materially from those indicated by the forward-looking
statements made in this press release. Any forward-looking
statement that the Company makes in this press release speaks only
as of the date of such statement. Except as required by law, the
Company does not have any obligation to update or revise, or to
publicly announce any update or revision to, any of the
forward-looking statements, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210824005455/en/
Investors Farah Soi/Caitlin Churchill ICR
IR@mistercarwash.com
Media Megan Everett media@mistercarwash.com
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