Dutch Bros announces offering of 8.8M shares of Class A common stock for holders

Dutch Bros announced commencement of a registered underwritten public offering of its Class A common stock by certain selling stockholders associated with TSG Consumer Partners, L.P. The selling stockholders intend to offer 8.76M shares of common stock pursuant to a registration statement on Form S-3 filed with the SEC. Dutch Bros is not offering any shares of common stock in this offering and will not receive any proceeds from the sale of shares of common stock by the selling stockholders but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions. BofA Securities and Jefferies are acting as joint book-running managers for the proposed offering.