BBB Foods Inc. Announces Closing of Follow-On Offering and Exercise in Full of the Underwriter’s Option to Purchase Additional Shares
BBB Foods Inc. (“Tiendas 3B”) announced today the closing of an underwritten public offering of an aggregate 15,299,800 of its Class A common shares at a price of $32.50 per share, of which 2,695,626 Class A common shares were sold by Tiendas 3B (including 1,995,626 Class A common shares pursuant to the full exercise of the underwriters’ option to purchase additional Class A common shares from us) and 12,604,174 Class A common shares were sold by certain selling shareholders. The gross proceeds to Tiendas 3B were approximately $87.6 million and the gross proceeds to the selling shareholders were approximately $409.64 million, in each case before deducting underwriting discounts and commissions and other offering expenses. The Class A common shares were offered pursuant to an automatic shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission (the “SEC”).
The underwriters’ option to purchase an additional 1,995,626 Class A common shares from Tiendas 3B, was exercised in full and such shares are being delivered concurrently with the closing of the offering. Tiendas 3B intends to use the net proceeds from the primary portion of the offering for general corporate purposes, which may include making strategic investments.
