Freshpet Raises $350M Via Equity Offering

• Freshpet Inc (NASDAQ:FRPT) has priced the follow-on offering of 4.3 million shares at $81 per share.
• The offer price represents a 2.3% discount on the company’s closing price on May 3, 2022.
• Freshpet has also granted the underwriters a 30-day option to purchase up to 0.6 million additional shares of its common stock.
• The offering is expected to close on May 6, 2022.
• BofA Securities, Jefferies, and Truist Securities are acting as lead book-running managers for the offering. 
• Price Action: FRPT shares closed lower by 10.93% at $82.92 on Tuesday.