Waitr Holdings Inc. (WTRH) (“Waitr”), a leader in on-demand food ordering and delivery, today announced the closing 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. 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.