 CHINO, Calif., April 19, 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 the closing of its previously announced initial public offering of 3,950,000 shares of its common stock at a price to the public of 16.00 per share. Gross proceeds to the Company from the offering, before deducting underwriting discounts and commissions and other offering expenses, were approximately 63.2 million. The shares sold in the offering began trading on the Nasdaq Global Select Market under the symbol KRT on April 15, 2021. 