Franchise Group, Inc. 7.50% Series A Cumulative Perpetual Preferred Stock

DELAWARE, Ohio, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”), announced that at a special meeting of stockholders held earlier today, the stockholders of the Company, including stockholders holding a majority of the outstanding shares of common stock not held by the buying consortium, have approved all proposals related to the proposed acquisition of the Company. The final results will be available on a Current Report on Form 8-K to be filed by the Company. As a result, the closing of the transaction is expected to occur early in the week of August 20th, subject to the satisfaction of the remaining closing conditions. Shares of Franchise Group will cease trading and will no longer be listed on the NASDAQ exchange following the closing of the transaction.

Related tickers: FRG, FRGAP.

DELAWARE, Ohio, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) today announced the financial results for its fiscal second quarter ended July 1, 2023. For the second quarter of fiscal 2023, total reported revenue for Franchise Group was approximately $1.0 billion, net loss from operations was approximately $50.8 million or $1.50 per fully diluted share, Adjusted EBITDA was approximately $53.9 million and Non-GAAP EPS was a loss of $0.22 per share. On July 1, 2023, total cash on hand was approximately $106.3 million and outstanding term debt was approximately $1.4 billion.

Related tickers: FRG, FRGAP.