Jersey Mike’s Announces Pricing of Its Initial Public Offering

Jersey Mike’s Announces Pricing of Its Initial Public Offering

Jersey Mike’s Subs Inc. (“Jersey Mike’s” or the “Company”) today announced the pricing of its initial public offering of 43,478,261 shares of its Class A common stock at a price to the public of $23.00 per share. In addition, existing stockholders (the “Selling Stockholders”) have granted the underwriters a 30-day option to purchase up to an additional 6,521,739 shares of Jersey Mike’s Class A common stock to cover over-allotments at the initial public offering price, less underwriting discounts and commissions. Jersey Mike’s Class A common stock is expected to begin trading on The New York Stock Exchange (“NYSE”) on July 30, 2026 under the ticker symbol “JMKE,” and the offering is expected to close on July 31, 2026, subject to the satisfaction of customary closing conditions.

Jersey Mike’s intends to use the proceeds (net of underwriting discounts and commissions) from the issuance of 13,782,609 shares to repay certain indebtedness and for general corporate purposes. Jersey Mike’s will not receive any proceeds from the sale of shares of Class A common stock by the Selling Stockholders, including from any exercise by the underwriters of their option to purchase additional shares of the Class A common stock from the Selling Stockholders.