Mr Car Wash, Inc. Announces Pricing of Secondary Offering of Common Stock by Selling to Stockholders

Tucson, Ariz.–(business wire) – Mr. Car Wash, Inc. (“The Company” NYSE: MCW) today announced the pricing of a previously announced secondary offering of 12,000,000 shares of its common stock by investment funds affiliated with several members of Leonard Green & Partners, LP. The company’s management team and several of the company’s other pre-IPO investors (collectively, the “selling stockholders”) at a public offering price of $19.57 per share. The offering consists entirely of shares of common stock that are sold by the selling stockholders. The company will not receive any income from the sale of shares of common stock by the selling stockholders. Subject to customary closing conditions, the offering is expected to close on or around August 26, 2021. Selling stockholders also gave the underwriter a 30-day option to purchase an additional 1,800,000 shares of common stock.

Morgan Stanley is acting as the sole underwriter for the offering.

A shelf registration statement on Form S-1 (including prospectus) relating to the securities being sold in the offering has been declared effective by the Securities and Exchange Commission. Offerings will be made only through a brochure supplement and an attached prospectus. You can obtain these documents for free by visiting Edgar on the SEC website at www.sec.gov. Copies of the prospectus supplement, when available, and the prospectus relating to this offering may be obtained by contacting: Morgan Stanley & Company LLC, Note: Prospectus Department, 180 Warrick Street, 2Ra Floor, New York, NY 10014.

This press release shall not be an offer to sell or a solicitation of an offer to buy, nor shall any sale of these securities be held in any State or jurisdiction in which such offer, solicitation or sale shall be unlawful under registration or qualification in any such State or jurisdiction. Jurisdiction’s securities laws.

About Mr. Car Wash® | Inspiring People to Shine®

Headquartered in Tucson, Arizona, Mr. Car Wash, Inc. (NYSE: MCW) operates more than 350 car washes nationwide and has the largest car wash subscription program in North America. With over 25 years of car wash experience, Mr Team is focused on operational excellence and delivers a memorable customer experience through enhanced hospitality. The Mister brand is based on quality, friendliness and a commitment to the communities we serve as good stewards of the environment and the resources we use. We believe that when you take care of your people, they take care of your customers.

forward-looking statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, with respect to the proposed offering. These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other material factors that could cause actual results to differ materially from any future results, performance or achievements, including factors that, forward-looking statements are expressed or implied. The company’s registration statement on Form S-1 filed with the Securities and Exchange Commission (“SEC”) dated July 27, 2021 (File No. 333-258186) discussed under the heading “Risk Factors” as such factors may are updated from time to time in their other filings with the SEC, including their quarterly reports on Form 10-Q for the quarter ended June 30, 2021, which are available on the SEC’s website at www.sec.gov and on the Company’s website. Available on the Investor Relations section. Website at www.mistercarwash.com.

These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statements the company makes in this press release are only as of the date of such statement. Except as required by law, the Company has no obligation to update or revise any forward-looking statements or publicly announce any updates or revisions, whether as a result of new information, future events or otherwise.

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