Company: RRGB
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0000950142-25-002929
Chunk: 9

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 424B5
Chunk 9
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 this Offering

Management will have broad discretion as to the use of the proceeds from this offering, and such uses may not improve our financial condition or market value.

Because we have not designated
the amount of net proceeds from this offering to be used for any particular purpose, our management will have broad discretion as to the
application of the net proceeds from this offering and could use them for purposes other than those contemplated at the time of the offering.
Our management may use the net proceeds for corporate purposes that may not improve our financial condition or market value.

You may experience immediate and substantial dilution in the net tangible book value per share of the Common Stock you purchase.

The offering price per share
in this offering may exceed the net tangible book value per share of our Common Stock outstanding prior to this offering. Assuming that
an aggregate of 8,528,785 shares of our Common Stock are sold at a price of $4.69 per share pursuant to this prospectus supplement, which
was 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, after deducting commissions and estimated aggregate offering expenses payable by us, you would experience immediate
dilution of $7.17 per share, representing the difference between our as adjusted net tangible book value per share as of October 5, 2025
after giving effect to this offering and the assumed offering price.

You may experience future dilution as a result of future equity offerings.

In order to raise additional
capital, we may in the future offer additional shares of our Common Stock or other securities convertible into or exchangeable for our
Common Stock at prices that may not be the same as the price per share in this offering. We may sell shares or other securities in any
other offering at a price per share that is less than the price per share paid by investors in this offering, and investors purchasing
shares or other securities in the future could have rights superior to existing stockholders. The price per share at which we sell additional
shares of our Common Stock, or securities convertible or exchangeable into Common Stock, in future transactions may be higher or lower
than the price per share paid by investors in this offering.

In addition, the sale
of shares in this offering and any future sales of a substantial number of shares of our Common Stock in the public market, or the perception
that such sales may occur, could adversely affect the price of our Common