Freshpet (FRPT) Announces $215M Offering of Common Stock

Freshpet, Inc. (“Freshpet”) (NASDAQ: FRPT) today announced the launch of a proposed follow-on offering of $215,000,000 of the Company’s common stock in an underwritten public offering. Freshpet has also granted the underwriters a 30-day option to purchase up to $32,250,000 of additional shares of common stock. The offering is subject to market and other conditions.

Certain of our officers and directors have indicated an interest in purchasing an aggregate of approximately $1.0 million in shares of our common stock in this offering at the public offering price. However, because indications of interest are not binding agreements or commitments to purchase, the underwriters may determine to sell more, fewer or no shares in this offering to any or all of these individuals, or any or all of them may determine to purchase more, fewer or no shares in this offering. The underwriters will receive the same underwriting discount on any shares purchased by these officers and directors as they will on any other shares sold to the public in this offering.

BofA Securities is acting as the sole book-running manager for the offering with Baird and William Blair acting as co-managers.

An effective shelf registration statement relating to these securities was filed with the Securities and Exchange Commission (the “SEC”) on February 25, 2020.

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