Blue Apron stock up 5% after meal-kit company's secondary offer, board resignations

Published: Sept. 15, 2021 astatine 2:50 p.m. ET

Shares of Blue Apron Holdings Inc. roseate much than 5% successful precocious trading Wednesday aft the meal-kit institution said it plans a $78 cardinal equity rise and, successful transportation with that, the resignation of co-founder Matthew B. Salzberg and Barry Salzberg from Blue Apron's committee "to absorption connected their different committee roles and concern interests." The banal was concisely halted earlier. The equity pat includes rights offering and the merchantability of further shares and warrants, including $3 cardinal successful a backstage placement with Matthew B. Salzberg, who chaired the board. The committee of directors has appointed Jennifer Carr-Smith, an independent...