Ruth's Hospitality Group, Inc. Announces Shelf Registration Declared Effective by the Securities and Exchange Commission
Ruth's Hospitality Group, Inc. (Nasdaq: RUTH) announced that it has filed a shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC) on June 25, 2009. The shelf registration statement allows the Company to raise capital from time to time through the sale of various types of securities not to exceed an aggregate value of $200 million.
Although the Company does not have any current commitments or intentions to sell securities, the shelf registration statement provides flexibility for the Company to quickly access the capital markets with equity, debt or other types of securities through one or more methods of distribution. The terms of any future offering would be established at the time of such offering subject to market conditions. Any offering of securities covered by the shelf registration statement will be made only by means of a written prospectus and prospectus supplement.
Ruth's Hospitality Group, Inc. (Nasdaq: RUTH) is a leading restaurant company focused exclusively on the upscale dining segment. The Company owns the Ruth's Chris Steak House, Mitchell's Fish Market, Mitchell's Steakhouse and Cameron's Steakhouse concepts. With more than 150 company- and franchisee-owned locations worldwide, Ruth's Hospitality Group was founded in 1965 and is headquartered in Heathrow, Fla.
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