Good Times Restaurants Inc. Prices Underwritten Public Offering Of Common Stock And Warrants
In the news release Good Times Restaurants Inc. Prices Underwritten
Public Offering of Common Stock and Warrants, we are advised by a
representative of the company that pricing information for the public
In the news release Good Times Restaurants Inc. Prices Underwritten Public Offering of Common Stock and Warrants, we are advised by a representative of the company that pricing information for the public offering was inadvertently omitted. The complete, corrected release reads: GOOD TIMES RESTAURANTS INC. PRICES UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK AND WARRANTSGood Times Restaurants Inc. (NASDAQ: GTIM)today announced the pricing of a $5.5 million underwritten public offering 2,200,000 shares of our common stock at a price per share of $2.50, together with warrants to purchase 2,200,000 shares of common stock at $2.75 per share (“A Warrants”) and additional warrants to purchase 1,100,000 shares of common stock at $2.50 per share (“B Warrants”). The company has also granted to the underwriter a 45-day option to acquire up to 330,000 additional shares of common stock, additional A Warrants to purchase up to 330,000 additional shares of common stock, and/or additional B Warrants to purchase up to 165,000 additional shares of common stock. After the underwriting discount and estimated offering expenses payable by the company, the company expects to receive net proceeds of approximately $4.8 million, assuming no exercise of the over-allotment option. The offering is expected to close on August 21, 2013, subject to customary closing conditions. Maxim Group LLC is acting as the sole bookrunner for the offering. Good Times intends to use the net proceeds from the offering for new restaurant development associated with the Company’s previously announced Bad Daddy’s transaction, restaurant remodeling, franchisor entity capitalization and general working capital. The securities described above are being offered by Good Times Restaurants Inc. pursuant to a registration statement filed with and subsequently declared effective by the Securities and Exchange Commission. A prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, 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. Copies of the prospectus supplement and accompanying base prospectus relating to this offering may be obtained from Maxim Group LLC, 405 Lexington Avenue, New York, NY 10174, (800) 724-0761.