Portillo’s Inc. Announces Launch of Proposed Public Follow-on Offering of Common Stock in “Synthetic Secondary” Transaction
Portillo's Inc. (PTLO)
Company Research
Source: GlobeNewswire
CHICAGO, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Portillo’s Inc. (“Portillo’s”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that it will commence an underwritten public offering of 8,000,000 shares of its Class A common stock. In connection with the offering, Portillo’s intends to grant the underwriters a 30-day option to purchase up to 1,200,000 additional shares of its Class A common stock. The proposed offering is subject to market and other conditions, and there can be no assurances as to whether or when the proposed offering may be completed, or as to the actual size, price range or terms of the proposed offering. Portillo’s expects to use the net proceeds from the proposed offering to (a) purchase LLC Units of PHD Group Holdings LLC held by existing holders, and (b) purchase shares of Class A common stock from certain existing holders, each in a “synthetic secondary” transaction. As a result, Portillo’s will not
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PTLO
News
- Portillo's Inc. (NASDAQ: PTLO) had its price target lowered by analysts at Morgan Stanley from $17.00 to $16.00. They now have an "equal weight" rating on the stock.MarketBeat
- Portillo’s Inc. to Announce First Quarter 2024 Results on Tuesday, May 7, 2024GlobeNewswire
- Portillo's Inc. (NASDAQ: PTLO) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $20.00 price target on the stock.MarketBeat
- Party With Portillo’s This Prom SeasonGlobeNewswire
- Portillo’s ‘Mixes It Up’ With Two New Salads Chock Full of Windy City StyleGlobeNewswire
PTLO
Earnings
- 2/27/24 - Beat
PTLO
Sec Filings
- 4/24/24 - Form 3
- 4/23/24 - Form ARS
- 4/23/24 - Form DEF
- PTLO's page on the SEC website