Karat Packaging (KRT) announced the commencement of a proposed underwritten public offering of 1.5M shares of Karat’s common stock by certain members of the company’s management team. Karat is not offering any shares of its common stock in this offering and will not receive any proceeds from the sale of shares by the selling stockholders. BofA Securities and William Blair & Company are acting as the joint lead book-runners for the offering.
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