Saturday 02 March 2024
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  • Triesteexpresso

NuZee announces full exercise and closing of over-allotment option

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RICHARDSON, Texas, USA – NuZee, Inc. (NASDAQ: NUZE), a leading coffee co-packing and technology company, today announced that it has completed the sale of an additional 63,750 shares of common stock at the public offering price of $3.00 per share, pursuant to the full exercise of the over-allotment option granted to the underwriter in connection with the Company’s public offering that closed on October 20, 2023.

The Company expects to receive additional gross proceeds of approximately $191,250, before deducting underwriting discounts and commissions.

DVG De Vecchi

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

The offering was made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-274818) previously filed with the U.S. Securities and Exchange Commission (“SEC”), which was declared effective on October 5, 2023.

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The final terms of the offering were disclosed in a final prospectus supplement, which was filed with the SEC on October 19, 2023.

Copies of the final prospectus supplement and accompanying prospectus relating to the offering may also be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department, or by email at syndicate@maximgrp.com or telephone at (212) 895-3745.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities 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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