Bowlero Corp. - BOWL STOCK NEWS

Isos Capital Management has acquired 4Forces Group, expanding its capabilities in growth advisory and interim management services. Founded by Peter Cosco, who will become Managing Director at Isos, 4Forces specializes in operational improvement and strategic planning within the media and entertainment sectors. The acquisition enhances Isos' unique operator-focused approach, enabling better support for portfolio companies. Isos Capital, based in Westport, CT, aims to accelerate growth in the global media, entertainment, sports, and technology industries.

Bowlero Corp. (NYSE:BOWL), the largest bowling center operator globally, announced its participation in the Jefferies Consumer Conference on June 21-22, 2022. This virtual presentation will showcase the company's leadership in bowling entertainment, media, and events, with over 300 centers serving more than 26 million guests annually. Bowlero also owns the Professional Bowlers Association, enhancing its influence in the bowling industry. A replay of the presentation can be accessed through Bowlero's Investor Relations website.

Bowlero Corp has expanded its footprint by acquiring two bowling centers: Manatee Lanes in metro Tampa, FL, and Fat Cats in Westminster, CO. The Manatee Lanes, now under Bowlero management, features 30 lanes and an arcade, marking the 28th location in Florida since its opening on May 5. Additionally, Fat Cats, featuring 29 lanes and glow golf, will operate under Bowlero as Bowlero Promenade, becoming the 13th location in Colorado. This expansion underscores Bowlero's strategic growth in key markets, enhancing its entertainment offerings nationwide.

Bowlero Corp has announced its acquisition of three bowling centers in Wichita, Kansas, enhancing its operational footprint to four locations. The centers include Northrock Lanes, the largest in Kansas with 48 lanes and extensive amenities; West Acres Bowling Center with 36 lanes; and The Alley Indoor Entertainment, which offers 32 lanes along with various attractions. This strategic move aims to strengthen Bowlero's commitment to providing a top-tier bowling experience. The acquisition is set to be finalized within three months.

Bowlero Corp. (NYSE:BOWL) has successfully completed the redemption of all outstanding publicly and privately held warrants as of May 16, 2022. A total of 2,040 warrants were exercised for cash, and 14,524,679 were exercised on a cashless basis, resulting in the issuance of 4,264,399 Class A Shares. The company has also repurchased 465,667 shares for $4.3 million, leaving approximately $189 million remaining in its authorized buyback program. This move aims to enhance shareholder value and simplify capital structure.

Bowlero Corp. (NYSE: BOWL) reported a strong financial performance for Q3 2022, with revenue nearly reaching $258 million, marking a year-over-year growth of 129.8%. Compared to pre-pandemic levels, revenue grew 25.8%, while same-store sales increased 12.2%. Despite this, the company posted a net loss of $18 million due to significant non-cash expenses. Adjusted EBITDA rose to $108.4 million, reflecting a 295.7% increase year-over-year. Bowlero also announced the planned redemption of all outstanding warrants.

Bowlero Corp. (NYSE: BOWL) will release its financial results for Q3 FY 2022 on May 11, 2022, after market close. Following the announcement, an investor webcast will take place at 5:30 PM ET, accessible on the company's Investor Relations website. Bowlero, the largest operator of bowling centers globally, has over 300 locations and serves 26 million guests annually. The company also owns the Professional Bowlers Association, enhancing its profile in bowling entertainment.

Bowlero Corp. (NYSE:BOWL) has announced the upcoming redemption of all outstanding warrants under the Warrant Agreement dated March 2, 2021. The Redemption Date is set for May 16, 2022, with a redemption price of $0.10 per warrant. The Redemption Fair Market Value is established at $12.0985, allowing holders who exercise warrants on a 'cashless' basis to receive 0.2936 shares of common stock per warrant. Warrant holders can exercise their options until 5:00 p.m. on the Redemption Date, after which unexercised warrants will be void. For further information, visit Bowlero's investor relations webpage.

Bowlero Corp. (NYSE:BOWL) announced the redemption of all outstanding warrants to purchase its Class A common stock by May 16, 2022. The warrants will be redeemed at a price of $0.10 each after the stock met the required condition of trading at $10.00 per share on April 13, 2022. Warrant holders can still exercise their warrants until the redemption deadline, either by cash payment at $11.50 per share or through a cashless exercise. Unexercised warrants post-deadline will be voided. Bowlero operates over 300 bowling centers, serving 26 million guests annually.