Tuesday 27 September 2022

NuZee closes $3.4M underwritten public offering of common stock

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PLANO, Texas, USA – NuZee, Inc., a leading U.S. producer and co-packer of single serve coffee formats, today announced the closing of its previously announced underwritten public offering of 4,200,000 shares of its common stock at a public offering price of $0.82 per share. Gross proceeds before deducting underwriting discounts, commissions and other offering expenses are approximately $3.4 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 630,000 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. 333-248531) 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.

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