Kona Grill files to sell 2M shares of common stock Kona Grill announced that it is offering to sell 2M hares of its common stock in an underwritten public offering. In addition, selling stockholders are offering to sell an additional 300,000 shares in the offering. The company also expects to grant the underwriters a 30-day option to purchase up to an additional 345,000 shares of common stock in the offering. The company intends to use the net proceeds from its sale of shares in the public offering for new unit expansion, remodel and maintenance capital expenditures and for working capital and other general corporate purposes. KeyBanc Capital Markets and Raymond James are serving as joint book-running managers. Feltl & Company, Janney Montgomery Scott, Lake Street Capital Markets and Wunderlich Securities are serving as co-managers.
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