 CHINO, Calif., April 23, 2021 GLOBE NEWSWIRE -- Karat Packaging Inc. Karat Packaging or the Company Nasdaq: KRT, a specialty distributor and manufacturer of environmentally-friendly disposable foodservice products and related items, today announced that the underwriters of its previously announced initial public offering IPO of 3,950,000 shares of its common stock have fully exercised their option to purchase an additional 592,500 shares of Karat Packaging common stock at the IPO price of 16.00 per share, resulting in additional gross proceeds of approximately 9.5 million, less underwriting discounts and commissions. The initial closing of the offering occurred on April 19, 2021 and the closing of the shares purchased in the over-allotment option occurred on April 23, 2021. 