Black Rock Coffee Bar Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

SCOTTSDALE, Ariz., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Black Rock Coffee Bar, Inc. (Nasdaq: BRCB) (“Black Rock Coffee Bar”) today announced the closing of its initial public offering of 16,911,764 shares of its Class A common stock, which includes the exercise in full by the underwriters of their option to purchase 2,205,882 additional shares, at an initial public offering price of $20.00 per share. All of the shares were offered by Black Rock Coffee Bar. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses were $338.2 million. Black Rock Coffee Bar’s Class A common stock is listed on the Nasdaq Global Market under the ticker symbol “BRCB.”