PLANO, Texas, US – NuZee, Inc. (Nasdaq: NUZE) (“NuZee”), a leading U.S. single serve pour over coffee co-packer, announced today that it has commenced a proposed firm commitment underwritten public offering (the “Offering”) of its units (the “Units”), with each Unit consisting of (a) one share of common stock, par value $0.00001 per share (the “Common Stock”), (b) one Series A warrant to purchase one share of Common Stock and (c) one Series B warrant to purchase one-half of a share of Common Stock.
In addition, the underwriters will have a 45-day option to purchase additional Units, or any combination of the individual securities composing the Units (representing up to 15% of the aggregate number of Units sold in the Offering), on the same price, terms and conditions to cover over-allotments, if any.
The proposed Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.
Aegis Capital Corp. is acting as sole book-running manager for the Offering.
NuZee intends to use the net proceeds from the Offering for working capital and general corporate purposes.
An effective shelf registration statement on Form S-3 relating to these securities is on file with the U.S. Securities and Exchange Commission (“SEC”). The Offering will be made only by means of a preliminary prospectus supplement and accompanying prospectus related to the Offering.
Prospective investors should read the preliminary prospectus supplement and accompanying prospectus, which NuZee will file with the SEC, and the registration statement and the documents that are incorporated by reference therein for more complete information about NuZee and the Offering.
Investors may obtain these documents for free by visiting the SEC’s website at www.sec.gov. Alternatively, copies may also be obtained by contacting Aegis Capital Corp., Syndicate Department, 810 Seventh Avenue, 11th Floor, New York, NY, 10019, telephone: 212-813-1010 or email: firstname.lastname@example.org.