First Watch Restaurant Group, Inc. Announces Pricing of Secondary Offering of Common Stock

Core Viewpoint - First Watch Restaurant Group, Inc. announced the pricing of an underwritten secondary offering of 8,000,000 shares of its common stock at a public price of $19.95 per share, with the offering expected to close on November 13, 2024 [1][2] Group 1: Offering Details - The underwriter has a 30-day option to purchase up to an additional 1,200,000 shares at the public offering price [2] - The Selling Stockholders will receive all proceeds from the offering, while the Company will not sell any shares or receive any proceeds [2] - Goldman Sachs & Co. LLC is acting as the sole underwriter for the offering [2] Group 2: Company Overview - First Watch is a leading Daytime Dining concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients [7] - The company operates more than 540 restaurants across 29 states and has received numerous accolades for its breakfast and brunch offerings [7] - First Watch was named 2024's 1 Most Loved Workplace in America and recognized as the top restaurant brand in Yelp's inaugural list of the top 50 most-loved brands in the U.S. [7]