# Jersey Mike's Subs Inc. — capital_raise/public_offering [announced]
Source: SEC API (secapi.ai) · situation sit_8096e67b11fd00c197f0 · retrieved 2026-08-11T16:11:57.416Z

## Overview
Jersey Mike's Subs Inc. is a high-growth franchisor of fast-casual, submarine-style sandwich restaurants with 3,300 locations across all 50 states and Canada, nearly all franchised, specializing in authentic, hand-crafted subs built on premium ingredients and a community-first culture.

Jersey Mike's Subs Inc. is conducting an initial public offering of 43,478,261 shares of Class A common stock at $23.00 per share, comprising 13,782,609 shares sold by the company and 29,695,652 shares sold by pre-IPO stockholders. The offering generates approximately $1.0 billion in gross proceeds ($1,000,000,003), with the company receiving net proceeds of approximately $301 million after underwriting discounts and commissions of $50 million. The company intends to use its net proceeds to acquire Common Units from Jersey Mike's Holdings, which will use approximately $295 million to repay indebtedness under the Series 2026-1 Notes, with the remainder for general corporate purposes. The Class A common stock is approved for listing on the NYSE under the symbol "JMKE." Underwriters have a 30-day option to purchase up to 6,521,739 additional shares from selling stockholders at the IPO price less underwriting discounts.

## Terms
- Deal value: $1.00B · Consideration: cash · Price/share: $23

## Key dates
- Announced 2026-07-30 · Expiry 2026-08-30 · Expected close 2026-07-31

## Timeline
- 2026-07-30 · 424B4 (0001193125-26-326453): 424B4 - Jersey Mike's Subs Inc. — *Jersey Mike's Subs Inc. is a high-growth franchisor of fast-casual, submarine-style sandwich restaurants with 3,300 locations across all 50 states and Canada, nearly all franchised, specializing in authentic, hand-crafted subs built on premium ingredients and a community-first culture.* Jersey Mike's Subs Inc. is conducting an initial public offering of 43,478,261 shares of Class A common stock at $23.00 per share, comprising 13,782,609 shares sold by the company and 29,695,652 shares sold by pre-IPO stockholders. The offering generates approximately $1.0 billion in gross proceeds ($1,000,000,003), with the company receiving net proceeds of approximately $301 million after underwriting discounts and commissions of $50 million. The company intends to use its net proceeds to acquire Common Units from Jersey Mike's Holdings, which will use approximately $295 million to repay indebtedness under the Series 2026-1 Notes, with the remainder for general corporate purposes. The Class A common stock is approved for listing on the NYSE under the symbol "JMKE." Underwriters have a 30-day option to purchase up to 6,521,739 additional shares from selling stockholders at the IPO price less underwriting discounts.
  https://www.sec.gov/Archives/edgar/data/2127043/0001193125-26-326453.txt

## Citations
- 0001193125-26-326453 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526326453