Exhibit 99.1
Waitr Holdings Inc. Announces Closing ofFollow-on Public Offering
LAKE CHARLES, LA, May 21, 2019 — Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr”), a leader inon-demand food ordering and delivery, today announced the closing of itsfollow-on public offering of 6,757,000 shares of its common stock at a price to the public of $7.40 per share (the “Offering”) resulting in gross proceeds of $50.0 million. In addition, Waitr has granted the underwriters a30-day option to purchase up to an additional 1,013,550 shares of its common stock.
Waitr intends to use the net proceeds from the Offering for general corporate purposes, which may include, but is not limited to, acquisitions, expansion into new markets, working capital and the repayment of debt.
Jefferies and RBC Capital Markets acted as joint book-running managers.
The securities described above were offered by Waitr pursuant to a shelf registration statement on FormS-3 that was filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 4, 2019 and was declared effective on April 26, 2019. A preliminary prospectus supplement and the accompanying prospectus and a final prospectus supplement and the accompanying prospectus relating to the Offering have been filed by Waitr with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus and the final prospectus supplement and the accompanying prospectus relating to the Offering may be obtained by contacting Jefferies, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at877-821-7388 or by email at Prospectus_Department@Jefferies.com; or RBC Capital Markets, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, or by telephone at (877)822-4089 or by email at equityprospectus@rbccm.com.
The Offering was made only by means of a prospectus, including a prospectus supplement, that forms part of the registration statement referred to above. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Waitr Holdings Inc.
Founded in 2013 and based in Lake Charles, Louisiana, Waitr is a leaderin on-demand food ordering and delivery. The Waitr platforms connect local restaurants to hungry diners in small and medium sized U.S. markets, providing a convenient way for diners to discover, order and receive great food from a wide variety of local restaurants and national chains. As of March 31, 2019, Waitr operated in small and medium sized markets in the United States across approximately 700 cities.
