Tomahawk, WI 06/17/2014 (Basicsmedia) – Kona Grill Inc (NASDAQ:KONA), a reliable American favorite that harps on award-winning sushi and exquisite grills to build a cogent international influence, in a serene and elegant atmosphere are in a dearth of funds, presumably.


The elegant sushi bar and American grill announced that it vouches to sell of 2,000,000 shares, pertaining to the common stock under its disposition, in a duly underwritten and pragmatic public offering. Moreover, a number of stockholders that KONA possesses have shown their intent to veritably sell out 300,000 shares under their disposition, in this public offering.

The company further expects to come up with a wide-gamut-grant for its underwriters to avail a 30-day option in order to purchase a whopping 345,000 common stock shares, in its public offering.

Why Did KONA Make A Public Offer?

KONA expects to use its holistic proceeds, obtained by selling out its shares in the discourse of this public offering, in order to remodel and maintain its sumptuous capital expenses. Besides, the company expects to work towards developing a brand new unit – expanding its outreach and business unit functionalities, and generate a larger gamut of options to use its increasing working capital for a myriad of its general corporate purposes.

The authorities have corroborated that the premise of the IPO shall be vested rightfully, solely with KONA. Kona Grill Inc (NASDAQ:KONA) should not solicit or offer to duly sell out this public offering or its securities in provinces and states, or under certain jurisdictions, where such a solicitation, sale or offer is deemed to be unlawful, provided the company has attained prior qualifications.

Legal Managers

In their official statement, KONA conjectured that the IPO shall be regulated and controlled by  Raymond James Financial, Inc. (NYSE:RJF) and KeyBanc Capital Markets, as the competent joint-booking managers. Janney Montgomery Scott LLC, Feltl & Company, Wunderlich Securities and Lake Street Capital Markets shall act as co-managers for this public offering.

Investors’ Perspective

The announcement of the IPO was marked by voluminous trading. Quite a few cynics opted to sell out the shares, but with forecasts of a key 13.0% growth in operations and 3.0% in same-store sales, KONA’s anticipations and range of profitability shall certainly improve if it possibly notch up the chalked-out figure from its IPO. In a trader’s perspective, Kona Grill Inc (NASDAQ:KONA) seems to have a comfortable-buy!

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