Latham & Watkins Advises on Karat Packaging Inc.’s Secondary Offering of Common Stock

Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of disposable foodservice products and related items, has announced the pricing of its previously announced underwritten secondary offering of 1,500,000 shares of Karat’s common stock by certain members of the company’s management team (collectively, the Selling Stockholders) at a price of US$27.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 225,000 shares of Karat’s common stock from the Selling Stockholders. The offering is expected to close on June 12, 2025, subject to the satisfaction of customary closing conditions. The Company will not receive any proceeds from the sale of shares by the Selling Stockholders.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by partners Stelios Saffos and Scott Westhoff, with associates Giulia Franzoso, Adam Picker, and Jackie Stern.