Kona Grill Announces Proposed Public Offering of Common Stock

2014-06-17
  • Send
  • PDF
  • Print
  • Bookmark
  • Text Size:
  •  Repost This Article
  • Kona Grill Kona Grill, Inc. (NASDAQ: KONA)yesterday announced that it is offering to sell 2,000,000 shares of its common stock in an underwritten public offering. In addition, selling stockholders are offering to sell an additional 300,000 shares in the offering. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 345,000 shares of common stock in the offering.

    Kona Grill, Inc. (NASDAQ: KONA)yesterday announced that it is offering to sell 2,000,000 shares of its common stock in an underwritten public offering. In addition, selling stockholders are offering to sell an additional 300,000 shares in the offering. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 345,000 shares of common stock in the offering.

    The Company intends to use the net proceeds from its sale of shares in the public offering for new unit expansion, remodel and maintenance capital expenditures and for working capital and other general corporate purposes.

    KeyBanc Capital Markets and Raymond James are serving as joint book-running managers. Feltl & Company, Janney Montgomery Scott, Lake Street Capital Markets and Wunderlich Securities are serving as co-managers.

    A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. A copy of the preliminary prospectus relating to this offering may be obtained by contacting KeyBanc Capital Markets, Attention: Equity Syndicate, 127 Public Square, 4th Floor, Cleveland, Ohio 44114 or by telephone at (800) 859-1783; or Raymond James, Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716, by email to prospectus@raymondjames.com or by telephone at (800) 248-8863.

    This press release shall not constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Kona Grill (NASDAQ: KONA) features American favorites with an international influence and award-winning sushi in a casually elegant atmosphere. Kona Grill owns and operates 26 restaurants, guided by a passion for quality food and personal service. Restaurants are currently located in 17 states: Arizona (Chandler, Gilbert, Phoenix, Scottsdale); Colorado (Denver); Connecticut (Stamford); Florida (Tampa); Idaho (Boise); Illinois (Lincolnshire, Oak Brook); Indiana (Carmel); Louisiana (Baton Rouge); Maryland (Baltimore); Michigan (Troy); Minnesota (Eden Prairie); Missouri (Kansas City); Nebraska (Omaha); New Jersey (Woodbridge); Nevada (Las Vegas); Texas (Austin, Dallas, Fort Worth, Houston, San Antonio, The Woodlands); Virginia (Richmond).


    Logos, product and company names mentioned are the property of their respective owners.

  • Send
  • PDF
  • Print
  • Bookmark
  • Go Back
  • Text Size:

  • comments powered by Disqus
    Ads by Nevistas

    Newsletters
    Restaurant
    Industry News
     
    Hospitality
    Newsletter
     
    Hospitality
    Trends
     
    Hospitality
    Technology
     
    Your Email Address
     
    Advertise Here