Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE:SHAK),
today announced the commencement of a secondary offering of its Class A
common stock (the “Offering”) pursuant to a registration statement filed
on Form S-1 with the Securities and Exchange Commission (the “SEC”). The
Selling Stockholders intend to offer 4,000,000 shares of the Company's
Class A Common Stock for sale. Additionally, the Selling Stockholders
intend to grant the underwriters a 30-day option to purchase up to
600,000 additional shares of the Company's Class A Common Stock. The
Company will not receive any proceeds from the sale of the shares by the
selling stockholders.
J.P. Morgan Securities LLC is acting as sole lead book-running manager
in the proposed offering. Morgan Stanley & Co. LLC, Barclays Capital
Inc., Goldman, Sachs & Co., Jefferies LLC, William Blair & Company,
L.L.C. and Stifel are acting as book-running managers in the proposed
offering.
The offering will be made only by means of a prospectus. A copy of the
preliminary prospectus related to the offering may be obtained from:
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, or by calling toll-free at (866)
803-9204.
A registration statement on Form S-1 relating to these securities has
been filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.
About Shake Shack
Shake Shack® (NYSE:SHAK) is a modern day “roadside” burger
stand known for its 100% all-natural, antibiotic-free Angus beef burgers
(no hormones added ever), hot dogs, frozen custard, crinkle cut fries,
beer and wine (available at select locations), and more. With its fresh,
simple, high-quality food at a great value, Shake Shack is a fun and
lively community-gathering place with widespread appeal. From its
premium ingredients and caring hiring practices to its environmentally
responsible designs and deep community investment, Shake Shack’s mission
is to Stand For Something Good®. Since the original Shack
opened in 2004 in NYC’s Madison Square Park, the Company has opened
multiple locations in 12 states and the District of Columbia, as well as
international locations including in London, Istanbul, Dubai, Moscow,
and more.
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