Freshpet Announces Offering of Common Stock
SECAUCUS, N.J., Feb. 25, 2020 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet”) (NASDAQ: FRPT) today announced the launch of a proposed follow-on offering of $215,000,000 of the Company’s common stock in an underwritten public offering. Freshpet has also granted the underwriters a 30-day option to purchase up to $32,250,000 of additional shares of common stock. The offering is subject to market and other conditions.
Certain of our officers and directors have indicated an interest in purchasing an aggregate of approximately $1.0 million in shares of our common stock in this offering at the public offering price. However, because indications of interest are not binding agreements or commitments to purchase, the underwriters may determine to sell more, fewer or no shares in this offering to any or all of these individuals, or any or all of them may determine to purchase more, fewer or no shares in this offering. The underwriters will receive the same underwriting discount on any shares purchased by these officers and directors as they will on any other shares sold to the public in this offering.
BofA Securities is acting as the sole book-running manager for the offering with Baird and William Blair acting as co-managers.
An effective shelf registration statement relating to these securities was filed with the Securities and Exchange Commission (the “SEC”) on February 25, 2020. The offering of these securities will be made only by means of a prospectus supplement and the accompanying prospectus. Before you invest, you should read the prospectus, the prospectus supplement and the documents incorporated by reference therein for more complete information about Freshpet and the offering. You may get these documents for free by visiting the SEC’s website at . Alternatively, copies of the prospectus supplement and accompanying prospectus, when available, may be obtained from BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, email: .
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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 Freshpet
Freshpet’s mission is to improve the lives of dogs and cats through the power of fresh, real food. Freshpet foods are blends of fresh meats, vegetables and fruits farmed locally and made at our Kitchens in Bethlehem, PA. We thoughtfully prepare our foods using natural ingredients, cooking them in small batches at lower temperatures to preserve the natural goodness of the ingredients. Freshpet foods and treats are kept refrigerated from the moment they are made until they arrive at Freshpet Fridges in your local market.
Our foods are available in select mass, grocery (including online), natural food, club, and pet specialty retailers across the United States, Canada and Europe. From the care we take to source our ingredients and make our food, to the moment it reaches your home, our integrity, transparency and social responsibility are the way we like to run our business.
Contact:
Katie Turner
646-277-1228
