GEN Restaurant Group enters deal for up to $25 million in unregistered Class A share sales to Roth
GENK•GEN Restaurant Group established an optional $25 million equity facility with Roth Principal Investments for newly issued Class A shares, with purchases available for up to 36 months after an SEC resale registration takes effect.
1. Equity facility terms
Share sales are priced at a discount to VWAP: 3% for regular-session purchases and 5% for pre-market or post-market purchases. Without shareholder approval, issuance is limited to 6,776,399 shares, subject to Nasdaq rules and certain pricing conditions. Roth will withhold up to $500,000 as a commitment fee, and GEN agreed to pay $150,000 in initial offering-related fees.
