The ONE Group’s Strategic Expansion and Leadership Enhancement
Company Announcements

The ONE Group’s Strategic Expansion and Leadership Enhancement

An announcement from The ONE Group Hospitality Inc (STKS) is now available.

The ONE Group Hospitality, Inc. secured a substantial financing package, including a $350 million term loan and a $40 million revolving credit facility, to fund the acquisition of Safflower Holdings Corp., the entity behind the Benihana and RA Sushi restaurants. The acquisition, valued at $365 million, was accompanied by the issuance of preferred stock and warrants to key investors, enhancing the company’s financial flexibility and growth potential. Following the deal’s close, James Chambers and Scott Ross were appointed to the company’s Board of Directors, bringing expertise from their extensive backgrounds in investment and the leisure sector.

For a thorough assessment of STKS stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyOne Group Hospitality price target lowered to $5.50 from $9.50 at Lake Street
TheFlyOne Group Hospitality price target lowered to $6 from $9 at Stephens
TipRanks Auto-Generated NewsdeskThe ONE Group Hospitality Reports Strong Revenue Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App