Portillo’s Inc. Announces Offering of Class A Common Stock in “Synthetic Secondary” Transaction

February 28, 2024

https://www.globenewswire.com/news-release/2024/02/28/2837497/0/en/Portillo-s-Inc-Announces-Offering-of-Class-A-Common-Stock-in-Synthetic-Secondary-Transaction.html

CHICAGO, Feb. 28, 2024 (GLOBE NEWSWIRE) — Portillo’s Inc. (“Portillo’s” or the “Company”) (Nasdaq:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the launch of an underwritten public offering of 8,000,000 shares of Portillo’s Class A common stock (“Class A common stock”). The underwriter has a 30-day option to purchase up to an additional 1,200,000 shares of its Class A common stock.

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