InvestorNewsBreaks – Kura Sushi USA Inc. (NASDAQ: KRUS) Secures $57M in Underwritten Public Offering

Kura Sushi USA (NASDAQ: KRUS), a fast-growing technology enabled Japanese restaurant concept, has closed an underwritten public offering of 1,265,000 shares of its Class A common stock, which includes 165,000 shares per the full exercise of the over-allotment option granted to the underwriters. The company secured approximately $57 million in gross proceeds, with each of the shares sold at a public offering price of $45.00. Kura Sushi USA anticipates using proceeds from the offering for general corporate purposes, including capital expenditures, the repayment of the indebtedness outstanding under its existing revolving credit agreement with its parent company, working capital, as well as other business purposes. Roth Capital Partners acted as co-manager for the offering. To view the full press release, visit https://ibn.fm/Umg2b About Kura Sushi USA Inc. Kura Sushi USA is a fast-growing technology enabled Japanese restaurant concept with 32 locations in nine states and Washington DC. The company offers guests a distinctive dining experience by serving authentic Japanese cuisine through an engaging revolving sushi service model. Kura Sushi USA was established in 2008 as a subsidiary of Kura Sushi Inc., a Japan-based revolving sushi chain with over 480 restaurants and 35 years of brand history. For more information, please visit www.KuraSushi.com.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW) 8033 Sunset Blvd Suite 1037-IW Los Angeles, CA 90046 310.299.1717 Office www.InvestorWire.com [email protected]

InvestorWire is part of the InvestorBrandNetwork.