NEW YORK--(BUSINESS WIRE)--
Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE:SHAK),
today announced the pricing of a secondary offering of 4,000,000 shares
of its Class A common stock by certain of the Company’s stockholders
(the “Selling Stockholders”) at a price of $60.00 per share. In
addition, the Selling Stockholders have granted the underwriters a
30-day option to purchase up to 600,000 additional shares of the
Company’s Class A common stock at the public offering price. All of the
shares in the offering were offered by the Selling Stockholders and the
Company will not receive any proceeds from the sale of these shares by
the Selling Stockholders. The closing of the offering is expected to
occur on August 18, 2015, subject to the satisfaction of customary
closing conditions.
J.P. Morgan Securities LLC is acting as sole lead book-running manager
in the offering. Morgan Stanley & Co. LLC, Barclays Capital Inc.,
Goldman, Sachs & Co., Jefferies LLC, William Blair & Company, L.L.C. and
Stifel are acting as book-running managers in the offering.
The offering will be made only by means of a prospectus. A copy of the
final prospectus related to the offering may be obtained, when
available, from: J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling
toll-free at (866) 803-9204.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on August 12, 2015.
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 Shake Shack
Shake Shack® (NYSE:SHAK) is a modern day “roadside” burger
stand known for its 100% all-natural, antibiotic-free Angus beef burgers
(no hormones added ever), hot dogs, frozen custard, crinkle cut fries,
beer and wine (available at select locations), and more. With its fresh,
simple, high-quality food at a great value, Shake Shack is a fun and
lively community-gathering place with widespread appeal. From its
premium ingredients and caring hiring practices to its environmentally
responsible designs and deep community investment, Shake Shack’s mission
is to Stand For Something Good®. Since the original Shack
opened in 2004 in NYC’s Madison Square Park, the Company has opened
multiple locations in 12 states and the District of Columbia, as well as
international locations including in London, Istanbul, Dubai, Moscow,
and more.
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Source: Shake Shack Inc.