Palo Alto – February 27, 2024 – Cooley advised Dutch Bros, a publicly held drive-thru coffee chain, on its $240 million secondary public offering of Class A common stock. Partners Eric Jensen and Alan Hambelton led the Cooley team advising Dutch Bros.
Dutch Bros priced the previously announced registered underwritten public offering by certain selling stockholders associated with TSG Consumer Partners of 8,000,000 shares of its Class A common stock, par value $0.00001 per share at $29.05 per share. The offering is expected to close on or about March 1, 2024, subject to the satisfaction of customary closing conditions.
Cooley previously advised Dutch Bros on its $300 million underwritten public offering in September 2023 and its $556.8 million IPO in September 2021.
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