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Blue Apron shares soared more than 130% Friday after the once-hot meal kit delivery service announced it was being acquired. Wonder Group, a food delivery startup led by former Walmart and Jet ...
Blue Apron Holdings, Inc. is an American ingredient -and- recipe meal kit company headquartered in New York City, operating its services exclusively in the United States. [ 4] It offers weekly boxes containing ingredients, which also includes suggested recipes that must be cooked by hand by the customer using the pre-ordered ingredients.
Shares of Blue Apron are down sharply after the company reached a $15 million stock deal with Canaccord and also announced the departure of its CFO.
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November 7, 2022 at 6:51 AM
In 2017, Salzberg took Blue Apron public, raising $300m in its Initial Public Offering then served as chairman from 2018 to 2021. In September 2021, Salzberg and RJB Partners LLC invested $33m in Blue Apron as a private placement, and RJB Partners backstopped a rights offering at a 158% premium to the prior day’s closing stock price.
Since opening at $10, Blue Apron stock has lost nearly 90% of its market capitalization. In fact, you can easily make the argument that at no point has APRN looked worse than it does now.
Blue Apron reported that third quarter losses narrowed to about $10.3 million for the three months ended Sept. 30 compared to about $26 million for the same time period in 2022.