Press Release

Dutch Bros Announces $344 Million Secondary Public Offering

June 10, 2024

Palo Alto – June 10, 2024 – Cooley advised Dutch Bros (NYSE: BROS), a publicly held drive-thru coffee chain, on its $344 million secondary public offering of Class A common stock. Certain selling stockholders associated with TSG Consumer Partners offered 8,762,700 shares of Dutch Bros’ Class A common stock at a par value of $0.00001 per share and a price of $39.30 per share.

Lawyers Eric Jensen, Alan Hambelton and Allison Peth led the Cooley team advising Dutch Bros.

Cooley previously advised Dutch Bros on its $272 million secondary public offering in March 2024, its $240 million secondary public offering in February 2024, its $300 million underwritten public offering in September 2023 and its $556.8 million initial public offering (IPO) in September 2021.

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