Financing ·
GEN Restaurant Group establishes $25M equity line of credit with Roth Principal Investments
GENKGEN Restaurant Group, Inc.
GEN Restaurant Group, Inc. entered into a Common Stock Purchase Agreement with Roth Principal Investments on September 29, 2026, establishing an equity line of credit allowing the company to sell up to $25,000,000 of newly issued Class A common stock at its sole discretion. The agreement includes a Registration Rights Agreement and imposes a Nasdaq Exchange Cap limiting issuance to 6,776,399 shares (19.99% of outstanding shares) unless specific price or shareholder approval conditions are met. Roth Principal Investments will receive a commitment fee withheld from purchase proceeds up to $500,000, plus $150,000 in initial fees and quarterly legal reimbursements. The company intends to use net proceeds for working capital, general corporate purposes, expanding its consumer packaged goods business, opening new restaurants, or repaying debt. GEN Restaurant Group operates in the restaurant industry.