VISTA, Calif., U.S. — NuZee, Inc., a single serve pour over co-packer has announced the closing of approximately $1.4 million private placement equity financing.
The Company sold 1,208,003 shares of common stock at a price of $1.20 per share. These sales were conducted during the period July 2, 2018 through October 11th, 2018.
“We are making notable progress in our ongoing evolution to become a co-packing business for regional and global coffee brands,” said Masa Higashida, NuZee’s Chief Executive Officer.
“This additional capital will enable us to continue to pursue new clients, establish new sales channels, and support the introduction of new products.”
All of the investors were non-U.S. persons (as that term is defined in Regulation S of the Securities Act of 1933, as amended) and those investors purchased in transactions outside of the United States.
In issuing shares to those investors, we relied on the exemptions from the registration requirements provided for in Regulation S and/or Section 4(2) of the Securities Act of 1933, as amended.
This Press Release does not constitute an offer to sell or the solicitation of an offer to buy any security.
The securities described herein have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States or any state thereof absent registration under the Securities Act and applicable state securities laws or an applicable exemption from registration requirements.