TORONTO, Dec. 20, 2016 (GLOBE NEWSWIRE) -- Freshii Inc. (“Freshii”) today announced that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada for a proposed initial public offering and secondary offering of its Class A subordinate voting shares (the "Offering"). The Offering will include a treasury offering by Freshii and a secondary offering of Class A subordinate voting shares of Freshii by certain shareholders, including Jaxii Holdings LLC, a limited liability company controlled by Mr. Matthew Corrin, Freshii’s Chairman and Chief Executive Officer. The number of Class A subordinate voting shares to be sold and the price per Class A subordinate voting share have not yet been determined.
The Offering will be managed by a syndicate of underwriters, including CIBC Capital Markets and RBC Capital Markets as lead joint bookrunners for the Offering.
The preliminary prospectus contains important information relating to the Class A subordinate voting shares and is still subject to completion or amendment. Copies of the preliminary prospectus are available on SEDAR at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the Class A subordinate voting shares until a receipt for the final prospectus has been issued.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The Class A subordinate voting shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws. Accordingly, the Class A subordinate voting shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Freshii in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Freshii
Freshii is a fast-growing restaurant brand serving a healthy and customizable menu built around high-quality ingredients. Freshii's core mission is to help people all over the world live healthier and better lives by making nutritious food convenient and affordable. Freshii offers a delicious and diverse menu, including salads, bowls, burritos, wraps, soups, juices, smoothies and frozen yogurt, that energizes people on the go. Since opening its first store in 2005, Freshii has grown to 244 stores located across 15 countries and in more than 30 states and provinces in North America as of September 25, 2016.