U.S. markets closed
  • S&P Futures

    4,146.00
    +4.25 (+0.10%)
     
  • Dow Futures

    32,838.00
    +46.00 (+0.14%)
     
  • Nasdaq Futures

    13,192.50
    +9.25 (+0.07%)
     
  • Russell 2000 Futures

    1,943.30
    +2.20 (+0.11%)
     
  • Crude Oil

    90.27
    -0.49 (-0.54%)
     
  • Gold

    1,801.50
    -3.70 (-0.20%)
     
  • Silver

    20.61
    +0.00 (+0.00%)
     
  • EUR/USD

    1.0196
    +0.0001 (+0.01%)
     
  • 10-Yr Bond

    2.7650
    -0.0750 (-2.64%)
     
  • Vix

    21.29
    +0.14 (+0.66%)
     
  • GBP/USD

    1.2079
    -0.0002 (-0.02%)
     
  • USD/JPY

    134.8220
    -0.1510 (-0.11%)
     
  • BTC-USD

    23,796.29
    +497.44 (+2.14%)
     
  • CMC Crypto 200

    555.55
    +12.68 (+2.34%)
     
  • FTSE 100

    7,482.37
    +42.63 (+0.57%)
     
  • Nikkei 225

    28,009.35
    -239.89 (-0.85%)
     

Blue Apron Secures Additional $5M Private Placement Investment

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Blue Apron Holdings Inc (NYSE: APRN) has signed an agreement for an additional .0 million private placement investment by RJB Partners LLC, an affiliate of longtime investor Joseph N. Sanberg.

  • This investment follows the private placement and backstop investment made by RJB Partners in November 2021 for gross proceeds of $62.7 million.

  • "We expect these funds to add to what we are already building to accelerate the next phase of our growth strategy," said CEO Linda Findley.

  • Related: Blue Apron Nosedives After Q4 Miss; Expects Positive Revenue Growth Starting In Q2

  • Under the purchase agreement, the company has agreed to provide RJB Partners LLC with certain customary registration rights regarding the securities purchased in the private placement.

  • Blue Apron will use the proceeds for working capital and general corporate purposes.

  • Price Action: APRN shares are trading lower by 9.25% at $5.79 on the last check Monday.

See more from Benzinga

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.