Karat Packaging Stockholders Complete $20M Underwritten Secondary Offering

Certain selling stockholders of Karat Packaging Inc., a specialty distributor and manufacturer of disposable food service products and related items, completed a $20 million underwritten offering of common stock. Lake Street Capital Markets an investment bank focusing on growth companies, acted as the sole book-running manager for the offering. Faegre Drinker advised Lake Street Capital Markets in the transaction that closed on September 12, 2023.