Thursday 30 March 2023

NuZee announces pricing of underwritten public offering of common stock

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PLANO, Texas, U.S. – NuZee, Inc, a single-serve pour-over coffee producer and co-packer, announced today the pricing of an underwritten public offering (the “Offering”) of 700,000 shares of its common stock (the “Shares”), at a price to the public of $9.00 per share.

The net proceeds from the Offering, after deducting underwriting discounts and commissions and estimated Offering expenses payable by NuZee, are expected to be approximately $5.3 million. In addition, NuZee has granted the underwriters a 45-day option to purchase up to 105,000 additional shares of NuZee’s common stock at the same initial price to the public less underwriting discounts and commissions, and on the same terms and conditions, to cover over-allotments, if any.

NuZee’s common stock is expected to begin trading on the NASDAQ Capital Market under the symbol “NUZE.” The Offering is expected to close on June 23, 2020, subject to the satisfaction of customary closing conditions.

The Benchmark Company, LLC is acting as sole book-running manager for the Offering.

The Shares described above were offered by NuZee pursuant to a registration statement on Form S-1 (No. 333-234643) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on June 18, 2020. The Shares may be offered only by means of a prospectus. A preliminary prospectus relating to and describing the terms of the Offering has been filed with the SEC. Electronic copies of the preliminary prospectus and, when available, copies of the final prospectus relating to the Offering may be obtained by visiting the SEC’s website located at or by contacting The Benchmark Company, Attention: Prospectus Department, 150 E. 58th Street, 17th floor, New York, NY 10155, by email at, or by telephone at (212) 312-6700.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any Shares, nor shall there be any sales of the Shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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