RICHARDSON, Texas, Oct. 18,
2023 /PRNewswire/ -- NuZee, Inc. (NASDAQ: NUZE),
a leading coffee co-packing and technology
company, today announced the pricing of its underwritten
public offering of 425,000 shares of its common stock at a public
offering price of $3.00 per share, resulting in
anticipated gross proceeds to NuZee of approximately $1.275
million, before deducting underwriting discounts and commissions
and offering expenses.
Maxim Group LLC is acting as the sole book-running manager for
the offering.
NuZee has granted the underwriter a 45-day option to purchase up
to an additional 63,750 shares at the public offering price, less
underwriting discounts and commissions. The public offering is
expected to close on or about October 20, 2023, subject to
customary closing conditions.
The securities are being offered pursuant to an effective shelf
registration statement (including a prospectus) on Form S-3 (No.
333-274818) previously filed with and declared effective by the
U.S. Securities and Exchange Commission (the "SEC"). The securities
may be offered only by means of a written prospectus and prospectus
supplement that form a part of the effective registration
statement. A preliminary prospectus supplement relating to and
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. A final prospectus supplement will be
filed with the SEC and will form a part of the effective
registration statement. Electronic copies of the preliminary
prospectus supplement and, when available, 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.
This press release shall not constitute an offer to sell or the
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 the registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements include, but are not limited to, NuZee's
beliefs, plans, goals, objectives, expectations, assumptions,
estimates, intentions, future performance, other statements that
are not historical facts and statements identified by words such as
"expects", "anticipates", "intends", "plans", "believes", "seeks",
"estimates" or words of similar meaning. NuZee cautions you
that such statements are simply predictions and actual events or
results may differ materially. These statements reflect NuZee's
current expectations and NuZee does not undertake to update or
revise these forward-looking statements except as required by law,
even if experience or future changes make it clear that any
projected results expressed or implied in this or other NuZee
statements will not be realized. Further, these statements involve
risks and uncertainties, many of which are beyond NuZee's control,
which could cause actual results to differ materially from the
forward-looking statements. Statements related to, among other
things, the consummation of the offering of common stock and
potential changes in market conditions constitute forward-looking
statements. These risks and uncertainties, many of which are beyond
our control, include: NuZee's plan to obtain funding for its
operations, including funding necessary to develop, manufacture and
commercialize its products; the impact to NuZee's business from
COVID-19 global crisis; general market acceptance of and demand for
NuZee's products; and NuZee's commercialization, marketing and
manufacturing capabilities and strategy; for description of
additional factors that may cause NuZee's actual results,
performance or expectations to differ from any forward looking
statements, please review the information set forth in the 'Risk
Factors' and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" sections of NuZee's public
reports and NuZee's other filings made with the SEC.
About NuZee
NuZee, Inc., (NASDAQ: NUZE), is a leading co-packing
company for single-serve coffee formats that partners with
companies to help them expand within the single-serve and private
label coffee category. Providing end-to-end innovative and
sustainable solutions with the flexibility and capacity for both
small roasters and large global brands, NuZee is revolutionizing
the way single-serve coffee is enjoyed in the U.S. Through the
brand's unique process, NuZee fulfills every aspect of co-packing
needs, from sourcing, roasting and blending, to packing and
packaging.
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SOURCE NuZee, Inc.