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Driven Brands Announces Pricing of Secondary Offering


Driven Brands Announces Pricing of Secondary Offering
Driven Brands Holdings Inc.
Charlotte, North Carolina, UNITED STATES
CHARLOTTE, N.C., Aug. 04, 2021 (GLOBE NEWSWIRE) Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN), today announced the pricing of the underwritten secondary public offering of 12 million shares of Driven Brands’ common stock by Driven Equity LLC and RC IV Cayman ICW Holdings LLC (together the “Selling Stockholders”), each of which is a related entity of Roark Capital Management, LLC at a price of $29.50 per share. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock. Driven Brands is not selling any shares of common stock in the offering and will not receive any proceeds from the offering. ....

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Driven Brands Holdings Inc. (DRVN) Q2 2021 Earnings Call Transcript


Operator
Good morning, and welcome to Driven Brands second-quarter 2021 earnings conference call. My name is Tamia, and I will be your operator today. As a reminder, this call is being recorded. Joining the call this morning are Jonathan Fitzpatrick, president and chief executive officer; Tiffany Mason, executive vice president and chief financial officer; and Rachel Webb, vice president of investor relations.
During today s call, management will refer to certain non-GAAP financial measures. You can find the reconciliations to the most directly comparable GAAP financial measures on the company s Investor Relations website and in its filings with the Securities Exchange Commission. Please be advised that during the course of this call, management may also make forward-looking statements that reflect expectations for the future. These statements are based on current information, and actual results may differ materially from these expectations. ....

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