Red Robin announces $40M at-the-market equity offering of common stock

Red Robin (RRGB) Gourmet Burgers announced the establishment of an “at-the-market equity offering” program pursuant to which the company may offer and sell shares of its common stock, with an aggregate gross sales price of up to $40M. The company currently intends to use the net proceeds from sales of shares under the ATM Program for working capital, debt repayment and other general purposes. The shares will be offered through Evercore Group as sales agent.