Waitr Officially Rebrands to ASAP

In a move that was telegraphed for more than a year, Waitr has officially become ASAP. The company announced it changed its name, embracing not just food delivery but its new “deliver anything” business model. According to a press release announcing the move, “ASAP’s new vision is delivering to consumers, same day, from any type …

ASAP partners with FoodBoss to grow market visibility

Dive Brief: ASAP, formerly known as Waitr, has partnered with FoodBoss, an online food delivery search engine, the company said Tuesday. The agreement will increase ASAP’s access to new restaurant brands and boost its customer reach.  This deal is ASAP’s first major partnership since its rebrand earlier in August, and aligns with the company’s expansion strategy. Dive Insight: …

Waitr losses in second quarter top $11 million, more than double from a year ago

Delivery app Waitr — soon to be known at ASAP — posted a net loss of $11.7 million in the second quarter as the Lafayette-based company struggled amid higher gas prices, inflation and competition. The company’s losses were more than double from the $5.6 million lost a year ago but down from the $77 million loss reported …

Luxor Takes 17% Stake in Waitr, soon to be known as ASAP, in Vote of Confidence in Management and Future Strategy of Company

LAFAYETTE, La.–(BUSINESS WIRE)–Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”), soon to be known as ASAP, today announced a debt-for-equity exchange with its convertible note credit facility that reinforces Luxor’s commitment to the Company’s management team and strategy. Under the transaction, Luxor has agreed to convert a certain principal amount of their convertible notes …

As stock price deadline looms, Waitr turns over more shares to New York hedge fund

A New York hedge fund has increased its stake in Waitr amid the Lafayette-based delivery service app’s attempts to shift its business strategies and find a more solid financial footing as its days on the stock market may be numbered. Luxor Capital Group bumped its ownership from about 10% to 17% through a debt-for-equity exchange, …

Waitr Powered by ASAP to Begin Delivery of CBD Products as Transition to “Deliver Anything” Expands

LAFAYETTE, La., July 14, 2022–(BUSINESS WIRE)–Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”) today announced it reached agreements with multiple CBD dispensaries and has started delivery of CBD products in select Texas markets with expansion into other markets forthcoming. The move into the CBD industry is the latest action taken by the company as …

Waitr to expand with new name, delivery model

Waitr, a nine-year-old startup founded in Lake Charles as an online food delivery service, has announced a major expansion that will change its name and delivery model beyond restaurants. The company, now based in Lafayette, plans to rebrand to “ASAP” and deliver a much broader range of products to consumers from any type of business. …

Waitr looks to move into clothes, sporting goods under ‘deliver anything’ model

For the second day in a row, Waitr announced a partnership with a logistics and software logistics firm to expand its delivery services — this time opening the door to bring clothing, luxury items, sporting goods and items from ethnic grocery stores to customers. Lafayette-based Waitr — which now calls itself “Waitr powered by ASAP” …

Waitr Powered by ASAP Announces Partnership with Elite EXTRA

LAFAYETTE, La., July 07, 2022–(BUSINESS WIRE)–Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”), announced today its first major agreement on the delivery of a broader range of products, thereby expanding on its already best-in-class food delivery. Waitr powered by ASAP has partnered with Elite EXTRA to provide delivery for its high-profile list of customers …

Waitr’s proposed reverse stock split fails, putting Nasdaq listing in jeopardy

Waitr’s shareholders failed to approve a measure intended to raise the company’s depressed share price, putting the food delivery service app’s Nasdaq listing in jeopardy. In a filing with the Securities and Exchange Commission, Lafayette-based Waitr said only 60.4 million votes were cast in favor of a reverse stock split, which would have consolidated the …