Benzinga | Nov 5, 2021 09:37AM EDT

Real Good Food Prices IPO At $12/Share, Below Expected Range

* Real Good Food Company Inc (NASDAQ:RGF) has priced its initial public offering (IPO) of 5.3 million shares of Class A common stock at $12 per share.

* Founded in 2016, Real Good Foods develops, markets, and manufactures comfort foods intended to be sold in the health and wellness segment of the frozen food category.

* The company and a selling stockholder have also granted the underwriters a 30-day option to purchase up to an additional 0.8 million shares at IPO price.

* Real Good Food had expected to price the IPO at $14 - $16 per share.

* Real Good Foods expects gross proceeds from this offering to be approximately $64.0 million.

* The company expects the shares to begin trading on the Nasdaq Global Market on November 5, 2021, under the ticker symbol "RGF."

* The company expects the offering to close on November 9, 2021.

* Jefferies and William Blair & Company, L.L.C. are serving as lead book-running managers for the offering.