Inspire Brands Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering
Inspire Brands, Inc. (“Inspire Brands”) today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Inspire Brands expects to use the net proceeds of the proposed offering to repay outstanding indebtedness under its existing term loan facility and pay offering fees and expenses. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.
Jimmy John’s Announces Global Expansion Plan with Signing of International Franchise Agreements in Canada and Latin America
Today, Inspire Brands announced two international franchise agreements to bring Jimmy John’s, the largest owned-delivery sandwich brand in the United States, to Canada and Latin America, launching the brand’s global expansion plan.
Inspire Brands Names Kate Jaspon Chief Financial Officer
Inspire Brands, Inc. (“Inspire”) today announced changes within the Chief Financial Officer role. Kate Jaspon has been named Chief Financial Officer of Inspire following the announced retirement of David Pipes. Jaspon was previously CFO of recently acquired Dunkin’ Brands where she spent more than 15 years in Finance and Treasury roles.
