Shares of Denny's Corp. /zigman2/quotes/206956394/composite DENN -5.42% dropped 10.4% in premarket trading Wednesday, after the restaurant chain priced its offering of 8 million shares at a discount. The offering, which represented 14.4% of the shares outstanding, priced at $9.15, or 9.4% below Tuesday's closing price of $10.10. The company said it plans to use the proceeds from the offering for general corporate purposes. Separately, Denny's announced Wednesday plans to hire 10,000 restaurant employees, for both company-owned and franchised restaurants across the U.S. The company said the hiring comes as dine-in restrictions, which were implemented as a result of the COVID-19 pandemic, are lifting and as customers are returning to restaurants and taking advantage of takeout and delivery options. "Guests are once again walking through our doors, and to meet this demand, support our franchisees and ensure the best dining experience possible, we and our franchisees will be hiring thousands of new Denny's employees across the nation," said Chief Executive John Miller. The stock has rallied 38.7% over the past three months through Tuesday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.12% has gained 25.5%.