Freshpet Raises $350M Via Equity Offering

Freshpet Inc 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.