Sweetgreen Completes Sale of Spyce to Wonder
SweetgreenSweetgreen(US:SG) Businesswire·2025-12-30 05:05

LOS ANGELES--(BUSINESS WIRE)--Sweetgreen, Inc. (NYSE: SG) today announced it has completed its previously announced sale of Spyce, the business unit responsible for developing and launching the Infinite Kitchen technology, to Wonder Group, Inc., consisting of 100millionincashandsharesofSeriesCPreferredStockofWonderwithanimpliedvalueof100 million in cash and shares of Series C Preferred Stock of Wonder with an implied value of 86.4 million based on the price per share at which shares were issued by Wonder to cash investors in its most recent preferred equity financing. ...