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Red Robin Gourmet Plans Secondary Offering of 1.6 Million Shares; Stock Drops After Hours
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Red Robin Gourmet Plans Secondary Offering of 1.6 Million Shares; Stock Drops After Hours
Dec 23, 2024 3:04 PM

05:30 PM EST, 12/23/2024 (MT Newswires) -- Red Robin Gourmet Burgers ( RRGB ) said late Monday that it filed a registration statement with the Securities and Exchange Commission for a proposed offering of about 1.6 million common stock from time to time in one or more offerings by selling stockholders.

The company will neither sell shares in the offering nor receive any proceeds from the sale.

Shares of Red Robin Gourmet Burgers ( RRGB ) fell 4.9% in after-hours activity.

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