Baird's Investment Banking Group is pleased to announce the following transaction:

February 2021
Freshpet, Inc.
Follow-on Offering
Baird served as an active bookrunner on this offering
$345.300 Million

Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ: FRPT) recently completed a follow-on offering of 2,415,000 shares of its common stock at a price of $143.00 per share, generating gross proceeds of $345,345,000, inclusive of the underwriters exercised option to purchase an additional 315,000 shares of common stock. The Company intends to use the net proceeds from the offering to fund the continued development of Freshpet Kitchens 2.0 at Freshpet Kitchens Bethlehem, Freshpet Kitchens South and Freshpet Kitchens Ennis and for other general corporate purposes.

Freshpet, Inc. is a rapidly growing branded pet food business with an original refrigeration concept that offers high-quality, fresh, all-natural pet food. The brand is disrupting the over $38.0 billion North American pet food industry by driving consumers to reassess conventional dog and cat food offerings that have remained essentially unchanged for decades. The Company’s products represent a significant innovation in pet food, and it has developed a brand proposition that pet parents can intuitively trust. Freshpet’s products appeal to a broad demographic across multiple classes of retail, including grocery (including online), mass, club, pet specialty and natural. Freshpet, Inc. is located in Secaucus, New Jersey.

For additional information about this transaction, please contact:

Glen Clarke +1-312-609-4481
Sandy Walter +1-414-298-5118
Ryan Engelhardt +1-414-298-2637
Robert Foster +44-20-7667-8309