One Group intends to conduct a $4 million rights offering of stock

Deal will be conducted with holders of record as of 5 p.m. ET on Jan. 15

By Devika Patel

Knoxville, Tenn., Jan. 5 – One Group Hospitality Inc. said it plans to price a $4 million rights offering of common stock with an oversubscription privilege with holders of record as of 5 p.m. ET on Jan. 15.

Proceeds will be used for development of future restaurants.

The hospitality company is based in New York.

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