Jersey Mike’s Announces Closing of Initial Public Offering

About this update from Jersey Mike's Subs Inc.

Jersey Mike’s Subs Inc. (“Jersey Mike’s” or the “Company”) today announced the closing of its initial public offering of 43,478,261 shares of its Class A common stock at the initial public offering price of $23.00 per share.Jersey Mike’s intends to use the proceeds (net of underwriting discounts and commissions) from the issuance of 13,782,609 shares to repay certain indebtedness and for general corporate purposes. Jersey Mike’s will not receive any proceeds from the sale of shares of Class A common stock by the existing stockholders (the “Selling Stockholders”), including from any exercise by the underwriters of their option to purchase additional shares of the Class A common stock from the Selling Stockholders.The Class A common stock began trading on the New York Stock Exchange (NYSE) on July 30, 2026 under the ticker symbol “JMKE.”Morgan Stanley, Jefferies, and J.P. Morgan are acting as global coordinators and joint bookrunning managers for the proposed offering. Barclays and Guggenheim Securities are acting as co-global coordinators and joint bookrunning managers. BofA Securities, Goldman Sachs & Co. LLC, Evercore ISI, UBS Investment Bank, Baird, Wells Fargo Securities, William Blair, RBC Capital Markets, Deutsche Bank Securities, Wolfe | Nomura Alliance, Piper Sandler, Raymond James, Stifel, TD Securities, BTIG, Mizuho, Societe Generale, and Truist Securities are acting as joint bookrunning managers for the proposed offering. Blackstone, PJT Partners, Rabo Securities, Loop Capital Markets, Tigress Financial Partners, Academy Securities, Drexel Hamilton, Penserra Securities LLC, Roberts & Ryan, and Telsey Advisory Group are acting as co-managers.The offering was made only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from:Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at 1-877-821-7388, or by email at J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email: A registration statement on Form S-1 relating to these securities was declared effective by the Securities and Exchange Commission on July 29, 2026. This offering was made only by means o...

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