At the beginning of 2020, Blue Apron's (NYSE: APRN) days seemed numbered. After declining for more than two straight years, Blue Apron's revenue started to rise again as more people stayed at home and ordered meal kits. Blue Apron's revenue plunged 32% in 2019, but rose 1% to $460.6 million in 2020.
Blue Apron Holdings Inc. said Tuesday it has commenced a $45 million rights offering that it previously announced as part of a planned $78 million capital raise. The offering will expire on 5.00 p.m. Eastern on Oct. 28. It is fully backstopped by RJB Partners LLC, which has committed to purchase any and all shares of Class A common stock and warrants that are unsubscribed in the offering. The meal-kit provider said each subscription right entitles the holder to purchase for $1.8505 about 0.18505
NEW YORK, NY / ACCESSWIRE / October 4, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against Blue Apron Holdings, Inc.If you currently own stock in Blue Apron Holdings, Inc.