Freshii Inc.
$125,350,000.00
10,900,000.00 Securities at $11.50
Initial Public Offering - Closed - Tuesday, January 31, 2017
Company Description
Founded in 2005, Freshii Inc.is a fast-growing restaurant brand serving a healthy and customizable menu built around high-quality ingredients such as fresh produce, lean proteins, healthy grains and ethnic spices.
| Address: |
1055 Yonge Street, Unit 101 Toronto, Ontario, M4W 2L2 Canada |
|---|---|
| Phone Number: | 416 458 1635 |
| Fax Number: | |
| Website: |
| Industry: | Food - Retail |
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| Closing Date: | Tuesday, January 31, 2017 |
| 1st Day of Trading: | Tuesday, January 31, 2017 |
| Primary Symbol: | FRII |
| Exchange: | Toronto |
Proceeds
The net proceeds of the offering will be used for prepayment of an aggregate principal amount of outstanding borrowings under the Credit Facility and interest, (ii) for the potential exercise of the buyback provision of the Chicago master partner agreement and (iii) the remainder to finance growth initiatives and for general corporate purposes.
| Gross Proceeds: | $125,350,000.00 |
|---|---|
| Underwrting Fees: | $7,521,000.00 |
| Expense Offering: | $2,300,000.00 |
| Net Proceeds: | $115,529,000.00 |
| Lead Underwriter: | CIBC World Markets Inc. |
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| Other Underwriter(s): |
RBC Dominion Securities Inc. National Bank Financial Inc. Canaccord Genuity Corp. Cormark Securities Inc. Jefferies Securities Inc. Jefferies Securities Inc. Robert W. Baird & Co. Cowan & Company, LLC |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 0.00 % | 0.00 % | 0.44 % | 97.41 % | -80.09 % |
| Post IPO Performance | 6.26 % | 6.26 % | -11.83 % |
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