Online food delivery co Waitr Holdings slides on stock deal

Landcadia Holdings IV

17/05/2019 13:19

** Waitr Holdings Inc  WTRH.O  shares falling ~7% premarket
as it taps the equity market
    ** Lake Charles, Louisiana-based co offers 6.8 mln shares at
$7.40 for $50 mln gross raise  urn:newsml:reuters.com:*:nBw9GwNj1a
    ** Follow-on prices at 5% discount to WTRH's last sale on
Thurs; jt bookrunners Jefferies and RBC marketed offering in
range of $7.20-$7.40, market sources say 
    ** Co to use proceeds for general corp purposes, which may
include acquisitions, new market expansion, debt repayment
    ** Offering represents ~10% of Waitr's shares outstanding
    ** Stock has fallen more than a third since Waitr and
special purpose acquisition company (SPAC) Landcadia Holdings
announced completion of their business combination in mid-Nov
 urn:newsml:reuters.com:*:nBwDF5f2a

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