Company: RRGB
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0000950142-25-002929
Chunk: 12

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 424B5
Chunk 12
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 by us of our
Common Stock in the aggregate amount of $40.0 million in this offering at an assumed offering price of $4.69 per share, which was the
last reported sale price of our Common Stock on the Nasdaq Global Select Market on November 7, 2025, and after deducting commissions and
estimated offering expenses payable by us, our adjusted net tangible book value as of October 5, 2025 would have been approximately $(65.7) million,
or $(2.48) per share of Common Stock. This amount represents an immediate increase in net tangible book value of $3.40 per share to existing
stockholders and an immediate dilution of $7.17 per share to purchasers in this offering. The following table illustrates the dilution:

| Assumed public offering price per share                                                                   
 Net tangible book value per share as of October 5, 2025                                                   |     |   | (5.88 | ) |     |   |  4.69 |   |
|:----------------------------------------------------------------------------------------------------------|:----|:--|------:|:--|:----|:--|------:|:--|
| Increase per share attributable to new investors                                                          |     | $ |  3.40 |   |     |   |       |   |
| As adjusted net tangible book value per share as of October 5, 2025, after giving effect to this offering |     |   |       |   |     | $ | (2.48 | ) |
| Dilution per share to new investors purchasing shares in this offering                                    |     |   |       |   |     | $ |  7.17 |   |

The table above assumes, for illustrative purposes,
that an aggregate of 8,528,785 shares of our Common Stock are sold at a price of $4.69 per share, the last reported sale price of our
Common Stock on the Nasdaq Global Select Market on November 7, 2025, for aggregate gross proceeds of $40.0 million. The shares sold in
this offering, if any, will be sold from time to time at various prices. An increase of $1.00 per share in the price at which the shares
are sold from the assumed offering price to $4.69 per share shown in the table above, assuming all of our Common Stock in the aggregate
amount of $40.0 million during the term of the distribution agreement is sold at