Good Times Restaurants Inc. (NASDAQ: GTIM), owner of Good Times
Burgers & Frozen Custard, an upscale quick-service restaurant chain
focused on fresh, high quality, all natural products located primarily
along the front range of Colorado and a licensee of Bad Daddy’s Burger
Bar, a full service, “small box” better burger casual dining chain,
announced today that the underwriters of its previously announced common
stock offering have exercised in full their option to purchase an
additional 363,105 shares of Good Times’ common stock to cover
over-allotments. The public offering price of the shares is $8.15 per
share.
Janney Montgomery Scott LLC and Stephens Inc. are acting as joint
book-running managers and Dougherty & Company is acting as lead manager
for the offering.
The offering was made pursuant to an effective shelf registration
statement previously filed with the Securities and Exchange Commission.
Shares of the Company’s common stock were offered only pursuant to a
prospectus and prospectus supplement that form a part of the
registration statement, which are available on the SEC’s website www.sec.gov.
A printed copy of the prospectus and prospectus supplement relating to
the offering may be obtained by contacting Janney Montgomery Scott LLC,
c/o Equity Syndicate, 60 State Street, 35th Floor, Boston, MA
02109, by telephone at 617-557-2971 or by e-mail at prospectus@janney.com;
Stephens Inc., c/o The Prospectus Department, by telephone at
501-377-2131 or by e-mail at prospectus@stephens.com;
or Dougherty & Company c/o Equity Syndicate, by telephone at
612-317-2152.
This release shall not constitute an offer to sell or the solicitation
of an offer to buy any of these securities, nor shall there be any sale
of these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state.
About Good Times Restaurants Inc.: Good Times Restaurants Inc.
(GTIM) operates Good Times Burgers & Frozen Custard, a regional chain of
quick service restaurants located primarily in Colorado, in its wholly
owned subsidiary, Good Times Drive Thru Inc. Good Times provides a menu
of high quality all natural hamburgers, 100% all natural chicken
tenderloins, fresh frozen custard, fresh cut fries, fresh lemonades and
other unique offerings. Good Times currently operates and franchises 37
restaurants.
GTIM currently owns and operates Bad Daddy’s Burger Bar restaurants as a
licensee thought its wholly owned subsidiary, BD of Colorado LLC.
Promptly following completion of the offering, it is expected that GTIM
will own Bad Daddy’s International, LLC which is the owner of the Bad
Daddy’s Burger Bar concept and also wholly owns four Bad Daddy’s Burger
Bar restaurants and partly owns three additional such restaurants. Bad
Daddy’s Burger Bar is a full service, upscale, “small box” restaurant
concept featuring a chef driven menu of gourmet signature burgers,
chopped salads, appetizers and sandwiches with a full bar and a focus on
a selection of craft microbrew beers in a high energy atmosphere that
appeals to a broad consumer base.
Good Times Forward Looking Statements: This press release
contains forward looking statements within the meaning of federal
securities laws. The words “intend,” “may,” “believe,” “will,” “should,”
“anticipate,” “expect,” “seek” and similar expressions are intended to
identify forward looking statements. These statements involve known and
unknown risks, which may cause the Company’s actual results to differ
materially from results expressed or implied by the forward looking
statements. These risks include such factors as the uncertain nature of
current restaurant development plans and the ability to implement those
plans, delays in developing and opening new restaurants because of
weather, local permitting or other reasons, increased competition, cost
increases or shortages in raw food products, and other matters discussed
under the “Risk Factors” section of Good Times’ Annual Report on Form
10-K-A for the fiscal year ended September 30, 2014 filed with the SEC.
Although Good Times may from time to time voluntarily update its forward
looking statements, it disclaims any commitment to do so except as
required by securities laws.
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