Oct. 22 at 7:02 PM
$PBPB Equity Corporate Actions Alert # 2025 - 576
Information Regarding the Tender Offer of Potbelly Corporation (PBPB)
https://www.nasdaqtrader.com/TraderNews.aspx?id=eca2025-576
The tender offer by Hero Sub Inc. a wholly owned subsidiary of RaceTrac, Inc. to acquire all of the outstanding common stock of Potbelly Corporation (PBPB) is scheduled to expire at 5:00 p.m. ET, today, October 22, 2025, unless extended or terminated. The subsequent merger is tentatively scheduled to close prior to the market open on October 23, 2025. In anticipation of the closing, the stock will be halted immediately following the after-hours session at or around 7:50 p.m. on October 22, 2025. If the merger closes as planned, the stock will remain halted on the day of closing (October 23rd) and will be suspended effective October 24, 2025.
PBPB shareholders will receive
$17.12 for each share held