Healthy Fast Food Franchise Announces Closing Of Secondary Offering

Franchising.com:

Healthy Fast Food, Inc., parent to U-SWIRL International, Inc., the owner and franchisor of U-SWIRL Frozen Yogurt® cafés, today announced that it closed its secondary offering of 1.5 million units at $0.40 per unit, raising gross proceeds of $600,000. In addition, Paulson Investment Company, Inc., which served as the underwriter of the offering, exercised its option to purchase an additional 225,000 units to cover over-allotments. Consequently, total gross proceeds increased to $690,000.

Each unit consists of one share of common stock and one five-year, redeemable Class C public warrant. Continue reading.

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