Karat Packaging Inc., a distributor and manufacturer of disposable foodservice products, has announced a proposed secondary offering of 1,500,000 shares of its common stock by certain members of its management team. Filed under a shelf registration statement with the SEC, the offering grants underwriters a 30-day option to purchase an additional 225,000 shares. Notably, Karat is not directly selling any shares and will not receive proceeds from this sale. BofA Securities and William Blair & Company are leading the offering. Further details can be accessed via the SEC's website or the respective prospectus departments of the involved financial institutions.
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