Fogo de Chao, Inc. (NASDAQ:FOGO) Files An 8-K Other Events
Item8.01. Other Events.
On May11, 2017, Fogo de Chao, Inc. (the Company), in connection
with a registered underwritten public offering of its common
stock (the Offering), entered into an underwriting agreement (the
Underwriting Agreement) with Jefferies LLC and J.P. Morgan
Securities LLC, acting as representatives of the several
underwriters named therein (the Underwriters) and the selling
stockholders named therein (the Selling Stockholders), to which
the Selling Stockholders agreed to sell to the Underwriters, and
the Underwriters agreed to purchase from the Selling
Stockholders, subject to and upon the terms and conditions set
forth therein, an aggregate of 4,500,000 shares of the common
stock, par value $0.01 per share, of the Company (the Firm
Shares). In addition, to the Underwriting Agreement, the
Underwriters have been granted an option, exercisable within 30
days, to purchase up to an additional 675,000 shares of the
common stock of the Company (the Option Shares and together with
the Firm Shares, the Shares) at the same purchase price to cover
over-allotments, if any. The Company will not receive any
proceeds from the sale of the Shares by the Selling Stockholders.
The Shares were registered to the Companys Registration Statement
on Form S-3 (File No.333-217220) declared effective by the
Securities and Exchange Commission on April28, 2017. A prospectus
supplement relating to the Offering has been filed with the SEC.
The Offering of the Firm Shares closed on May 17, 2017.
A copy of the Underwriting Agreement is attached hereto as
Exhibit 1.1 and is incorporated herein by reference.
Item9.01. Financial Statements and Exhibits.
(d) Exhibits
|
Exhibit Number |
Description |
|
| 1.1 | Underwriting Agreement dated May11, 2017 |
About Fogo de Chao, Inc. (NASDAQ:FOGO)
Fogo de Chao, Inc. is a United States-based holding company. The Company, through its subsidiaries, operates upscale Brazilian churrascaria steakhouses under the brand of Fogo de Chao. The Company owns 100% of Brasa (Purchaser) Inc. (Brasa Purchaser), which owns 100% of Brasa (Holdings) Inc. (Brasa Holdings). The Company operates through two segments: United States and Brazil. It specializes in fire-roasting meats utilizing the centuries-old Southern Brazilian cooking technique of churrasco. The Company offers its guests a tasting menu of meats featuring up to 20 cuts, simply seasoned and fire-roasted to expose their natural flavors. The Company operates approximately 26 restaurants in the United States, 10 in Brazil and one in Mexico. The Company operates a range of restaurant formats, including in-line and free-standing locations. Its restaurants range in size from approximately 7,000 to 16,000 square feet, with seating from 200 to 500 guests. Fogo de Chao, Inc. (NASDAQ:FOGO) Recent Trading Information
Fogo de Chao, Inc. (NASDAQ:FOGO) closed its last trading session up +0.20 at 13.70 with 202,900 shares trading hands.