Karat Packaging Inc. Announces Pricing of Secondary Offering of Common Stock

Core Viewpoint - Karat Packaging Inc. has announced the pricing of a secondary offering of 1,500,000 shares at $27.00 per share, with an additional option for underwriters to purchase 225,000 shares [1][2]. Company Overview - Karat Packaging Inc. is a specialty distributor and manufacturer of disposable foodservice products, including food containers, bags, tableware, cups, and eco-friendly products under the Karat Earthline brand [5]. - The company primarily serves national and regional restaurants and foodservice settings across the United States, offering customized solutions such as product development and logistics services [5]. Offering Details - The secondary offering is set to close on June 12, 2025, pending customary closing conditions, and the company will not receive any proceeds from the sale of shares by the Selling Stockholders [1]. - The offering is conducted under a shelf registration statement filed with the SEC, which was declared effective on March 28, 2025 [3]. - BofA Securities and William Blair & Company are acting as joint lead book-runners for the offering [2].