 League City, Texas, April 07, 2021 GLOBE NEWSWIRE -- Muscle Maker, Inc. Nasdaq: GRIL Muscle Maker or the Company today announced it has entered into a definitive agreement for a private placement with a single U.S. institutional investor of i 1,250,000 shares of common stock together with warrants the Common Warrants to purchase up to 1,250,000 shares of common stock and ii 2,865,227 pre-funded warrants the Pre-Funded Warrants, with each Pre-Funded Warrant exercisable for one share of common stock, together with Common Warrants to purchase up to 2,865,227 shares of common stock. Each share of common stock and accompanying Common Warrant are being sold together at a combined offering price of 2.43, and each Pre-funded Warrant and accompanying Common Warrant are being sold together at a combined offering price of 2.42. The Pre-Funded Warrants are immediately exercisable, at a nominal exercise price of 0.01, and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full. The Common Warrants will have an exercise price of 2.43 per share, are immediately exercisable and will expire five and one-half 5.5 years from the date of issuance collectively, the Private Placement. 