Benzinga | Jun 16, 2021 08:30AM EDT

Blue Apron Announces Pricing Of Public Offering Of 4.706M Shares Of Class A Common Stock At $4.25

Blue Apron Holdings, Inc. (NYSE:APRN) today announced the pricing of its underwritten public offering of 4,706,000 shares of its Class A common stock at a public offering price of $4.25 per share. The gross proceeds to Blue Apron from the offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by Blue Apron, and without giving effect to any exercise of the underwriters' option to purchase additional shares, are expected to be approximately $20.0 million. In addition, Blue Apron has granted the underwriter a 30-day option to purchase up to 705,900 additional shares of Class A common stock at the public offering price, less the underwriting discounts and commissions. All of the shares in the public offering are to be sold by Blue Apron. The offering is expected to close on or about June 18, 2021, subject to the satisfaction of customary closing conditions.

Canaccord Genuity is acting as the sole book-running manager for the offering.

A registration statement on Form S-3 relating to these securities has been filed with the Securities and Exchange Commission (SEC) and has become effective. This offering is being made only by means of a prospectus and prospectus supplement that form a part of the registration statement. Electronic copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering have been filed with the SEC and made available on the SEC's website at www.sec.gov, and the final prospectus supplement will be filed with the SEC and made available on its website. When available, copies of the final prospectus supplement and the accompanying prospectus may also be obtained by contacting Canaccord Genuity LLC, 99 High Street, Suite 1200, Boston, Massachusetts 02110, Attn: Syndicate Department, or by email at prospectus@cgf.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, 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.