Sanberg, amended the April 2022 private placement agreement pursuant to which RJB agreed to purchase from the company i) the 1,666,667 shares of Class A common stock under the original agreement at a price of $5.00 per share instead of $12.00 per share, and ii) an additional 8,333,333 shares of Class A common stock at a price of $5.00 per share, for an aggregate investment of $50.0 million for 10 million shares of Class A common stock at $5.00 per share, which is expected to close later this month. On August 7, 2022, the company and RJB Partners LLC ("RJB"), an affiliate of Joseph N. The new debt was used, together with cash on hand, to repay the company’s senior secured term loan, which lowers overall debt service obligations and extends debt maturity to 2027 Net revenue rose slightly year-over-year and 6.0% sequentially to $124.2 million, inclusive of a bulk sale to an enterprise customerĪverage Order Value rose 7.1% year-over-year and 6.6% sequentially to $67.14, a record high for the company, primarily due to a pricing increase introduced in 2Q22Īverage Revenue per Customer increased to $328 from $321 last quarter, and decreased slightly from $330 for the same period in 2021Ĭompany raised $20.5 million of equity and entered into a new $30.0 million debt agreement. NEW YORK, August 08, 2022-( BUSINESS WIRE)-Blue Apron (NYSE: APRN) today announced financial results for the second quarter ended J(2Q22). Company Posts Third Consecutive Quarter of Revenue Growth and Record Average Order ValueĮnters Agreement For $30.0 Million in Additional Funding
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