Sweetgreen Announces Strategic Sale of Spyce to Wonder
Sweetgreen, Inc. (SG)
Company Research
Source: Business Wire
Sweetgreen will continue to deploy the Infinite Kitchen technology under agreement as both companies share a commitment to scaling innovative food technology LOS ANGELES--(BUSINESS WIRE)--Sweetgreen, Inc. (NYSE: SG), the mission-driven restaurant brand connecting more people to real food, today announces that it has entered into an agreement with Wonder, the fast-growing mealtime platform, to sell the company’s Spyce business responsible for developing and launching Infinite Kitchen technology.The $186.4 million sale represents a strategic milestone for Sweetgreen, which will enable the company to reinvest in key priorities and sharpen its focus on growth and profitability.Sweetgreen will receive $100 million in cash plus shares of Series C Preferred Stock of Wonder with an implied value of $86.4 million based on the price per share at which shares were issued by Wonder to cash investors in its most recent equity financing.In connection with the sale, Sweetgreen has put in place a
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- Jim Cramer on Sweetgreen: “Not a Good Performer” [Yahoo! Finance]Yahoo! Finance
- Sweetgreen (NYSE:SG) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
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Earnings
- 11/6/25 - Miss
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Sec Filings
- 11/14/25 - Form SCHEDULE
- 11/12/25 - Form 4
- 11/12/25 - Form 4
- SG's page on the SEC website