GEN Restaurant Group enters Roth Capital ATM sales agreement for up to $3.74 million Class A shares
GENK•At-the-market equity agreement
GEN Restaurant Group entered an at-the-market equity distribution agreement with Roth Capital Partners to sell up to $3.74 million of Class A common stock.
Roth will act as sales agent or principal, using commercially reasonable efforts to place shares from time to time.
The agent’s commission is 3% of gross proceeds; the company can suspend sales or terminate the agreement with five days’ written notice.
Net proceeds are earmarked for expansion of its consumer packaged goods business, working capital, general corporate purposes, and potential new restaurant openings.
