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Muscle Maker Grill announces IPO

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February 13, 2020

Muscle Maker Inc. has launched a $7.7 million initial public offering, which includes 1,540,000 shares of common stock at $5 per share. Its also granted the underwriter, Alexander Capital  L.P., a 45-day option to purchase up to an additional 231,000 shares of common stock at the initial public offering price, according to a company press release.

The shares are expected to begin trading on the Nasdaq Capital Market on February 13, 2020 under the ticker symbol GRIL. The offering should close Tuesday, subject to the satisfaction of customary closing conditions.

Founded in 1995 in Colonia, New Jersey, Muscle Maker Grill features all-natural chicken, grass-fed steak, lean turkey, whole wheat pasta, wraps, bowls and more and offers fruit smoothies protein shakes and supplements.