Famous Dave’s of America, Inc. Announces Results of Rights Offering
Stockholders exercised basic subscription rights for 1,327,932 shares of the Company’s common stock, representing 84% of holders exercising. The remaining 253,899 shares being offered were purchased via over subscriptions. As the offering was fully subscribed, the Company did not need to rely on an existing standby purchase agreement with
About Famous Dave’s
Famous Dave’s develops, owns, operates and franchises barbeque restaurants. Its menu features award-winning barbequed and grilled meats, a selection of salads, sandwiches, side items, and made-from-scratch desserts. As of
Statements in this press release that are not strictly historical, including but not limited to statements regarding the timing of the Company’s restaurant openings and the timing or success of refranchising plans, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, which may cause the Company’s actual results to differ materially from expected results. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectation will be attained. Factors that could cause actual results to differ materially from Famous Dave’s expectation include financial performance, restaurant industry conditions, execution of restaurant development and construction programs, franchisee performance, changes in local or national economic conditions, availability of financing, governmental approvals and other risks detailed from time to time in the Company’s
|Contact:||Jeff Crivello – Chief Executive Officer|
Source: Famous Dave's of America, Inc.