Krispy Kreme Sells Remaining Ownership Stake in Insomnia Cookies

CHARLOTTE, N.C.--(BUSINESS WIRE)--Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme” or the “Company”), today announced the sale of its remaining stake in Insomnia Cookies Holdings, LLC (“Insomnia Cookies”) to Insomnia Cookies and certain existing shareholders involved in the July 17, 2024 sale of the Company’s majority ownership stake. Krispy Kreme received aggregate cash proceeds of $75 million from the transaction, which is expected to be used for debt pay down after transaction-related fees