Karat Packaging falls after secondary offering launch

Karat Packaging

10/06/2025 21:25

**  Karat Packaging's KRT.O shares down 7.5% post-market to $28.63 after secondary offering news

    ** Foodservice container maker commences 1.5 mln share offering by certain members of its management team

    ** BofA and William Blair are jt bookrunners

    ** Chino, California-based firm has ~20 mln shares outstanding for roughly $620 mln market cap, and ~6.8 mln shares of public float, per LSEG data

    ** KRT ended Tues down 1.1% at $30.96

    ** Stock up ~2% YTD and has gained ~16% QTD

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))