Seattle, Wash.
Went public 05/02/01 at $8 per share
Filing Range:2.0 million shares at $8 to $12
Offering Size:$16.0 million
Post Offering Valuation: $46.4 million
Shares Outstanding: 5.8 million shares
Underwriters: W.R. Hambrecht & Co.
Company Counsel: Dorsey & Whitney LLP
Manager Counsel: Perkins Coie
Auditor: PriceWaterhouse Coopers LLP
The Company:
Operates as an upscale sandwich chain. The company offers sandwiches, salads, soups and other items to “on-the-go” office workers throughout 40 cafes in Chicago, Los Angeles, San Francisco and Seattle.
Venture Backers:
Benaroya Capital Co.
Whitney & Co.
Chartwell Capital Management Co.
Kirlan Venture Capital Inc.
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 0/01/1996 1 Early Stage 8485.0
2 07/01/199 4 Expansion 19000.0
3 10/27/1998 3 Expansion 5000.0
4 08/01/1999 1 Expansion 5001.0
5 05/01/2000 1 Expansion 2250.0
6 02/01/2001 1 Expansion 3046.0
Financials:
(Data in $ million except EPS)
Y/E
12/31/2000
Total Revenues: $33.7
Net Income: (6.3)
EPS: $(2,455.68)