Good Times Restaurants Plans Public Offering Of Common Stock, Warrants

(RTTNews) - Good Times Restaurants Inc. (GTIM) said Monday that it will be offering units consisting of one share of common stock and a warrant to purchase one share of common stock in an underwritten public offering.

Maxim Group LLC will be acting as the sole bookrunner and JP Turner & Co LLC will be acting as co-manager for the offering.

The company said it plans to use the net proceeds from the offering for new restaurant development associated with the Company's previously announced Bad Daddy's transaction, restaurant remodeling, franchisor entity capitalization and general working capital.