Saturday 13 July 2024
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NuZee announces closing of $1.275 million underwritten public offering of common stock

NuZee has granted the underwriter a 45-day option to purchase up to an additional 63,750 shares at the public offering price, less underwriting discounts and commissions

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PLANO, Texas, USA – NuZee, Inc., a leading coffee co-packing and technology company, today announced the closing of its previously announced underwritten public offering of 425,000 shares of its common stock at a public offering price of $3.00 per share. Gross proceeds before deducting underwriting discounts, commissions and other offering expenses were approximately $1.275 million.

Maxim Group LLC acted as sole book-running manager for the offering.

NuZee has granted the underwriter a 45-day option to purchase up to an additional 63,750 shares at the public offering price, less underwriting discounts and commissions.

The securities were offered pursuant to an effective shelf registration statement (including a prospectus) on Form S-3 (No. 333-274818) previously filed with and declared effective by the U.S. Securities and Exchange Commission (the “SEC”).

The securities were offered only by means of a written prospectus and prospectus supplement that form a part of the effective registration statement.

A final prospectus supplement describing the terms of the public offering has been filed with the SEC and is available on the SEC’s website located at www.sec.gov.

Electronic copies of the final prospectus supplement and accompanying prospectus relating to the public offering may be obtained by contacting Maxim Group LLC, 300 Park Avenue, New York, NY 10022, or by telephone at (212) 895-3745.

About NuZee

NuZee, Inc., (NASDAQ: NUZE), is a leading co-packing company for single-serve coffee formats that partners with companies to help them expand within the single-serve and private label coffee category. Providing end-to-end innovative and sustainable solutions with the flexibility and capacity for both small roasters and large global brands, NuZee is revolutionizing the way single-serve coffee is enjoyed in the U.S.

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