Waitr Holdings Inc. Announces Pricing of Follow-on Public Offering

Waitr Holdings Inc. (WTRH) (“Waitr”), a leader in on-demand food ordering and delivery, today announced the pricing of its follow-on public offering of 6,757,000 shares of its common stock at a price to the public of $7.40 per share (the “Offering”) resulting in gross proceeds of $50.0 million. The Offering is expected to close on May 21, 2019, subject to customary closing conditions. In addition, Waitr has granted the underwriters a 30-day option to purchase up to an additional 1,013,550 shares of its common stock.

Waitr intends to use the net proceeds from the Offering for general corporate purposes, which may include, but is not limited to, acquisitions, expansion into new markets, working capital and the repayment of debt.


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…The company announced Thursday it was doing a new stock offering to raise money for general corporate purposes, such as acquisitions, expansions into new markets, working capital and debt repayment. Waitr went public in November.


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