Blue Apron Holdings Inc - Ordinary Shares - Class A

NYSE:APRN   1:44:43 PM EDT
5.27
-0.34 (-6.06%)
Debt Financing / Related, Equity Financing / Related

Blue Apron Announces Planned $78 Million In Equity Capital Raise, Including A $45 Million Fully Backstopped Rights Offering

Published: 09/15/2021 18:38 GMT
Blue Apron Holdings Inc - Ordinary Shares - Class A (APRN) - Blue Apron Announces Planned $78 Million in Equity Capital Raise, Including a $45 Million Fully Backstopped Rights Offering.
Announces Sale of Additional Shares of Class A Common Stock and Warrants for $33 Million.
Effective Purchase Price Equal to $10.00 for One Share of Class A Common Stock Plus Associated Warrants.
Proceeds Expected to Fund Growth Strategy, Esg Framework, and Employee Benefits.
Blue Apron Also Announces Certain Board Changes, and Collapse of Multiclass Voting Structure.
Matthew B. Salzberg, Company's Co-founder and Board Chair, and Barry Salzberg, Have Resigned From Company's Board.
Board Has Appointed Jennifer Carr-smith, a Current Independent Board Member, to Succeed Matthew B. Salzberg As Board Chair.