M&A - Krispy Kreme, Inc.

Form Type: 8-K

Filing Date: 2025-06-10

Corporate Action: Acquisition

Type: New

Accession Number: 000185715425000078

Filing Summary: On June 10, 2025, Krispy Kreme Doughnut Corporation, an indirect wholly owned subsidiary of Krispy Kreme, Inc., entered into a Unit Purchase Agreement with Verlinvest Cookies Holdings, Inc. and Mistral Sleepless Holdings 2, LLC. This agreement involved the sale of a portion of common units of Insomnia Cookies Holdings, LLC by KKDC, alongside a simultaneous Unit Redemption Agreement whereby Insomnia redeemed all remaining common units held by KKDC. Following these transactions, KKDC no longer holds any equity in Insomnia. The total cash proceeds from these transactions amounted to $75 million. Additionally, a press release was issued by Krispy Kreme to announce these transactions.