CAVA Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

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Jun 20, 2023

CAVA Group, Inc. (“CAVA”), the category-defining Mediterranean fast-casual restaurant brand that brings heart, health, and humanity to food, today announced the closing of its initial public offering of 16,611,110 shares of its common stock at a price to the public of $22.00 per share, including the full exercise by the underwriters of their option to purchase up to 2,166,666 additional shares of common stock.