Sichenzia Ross Ference LLP Represents New Age Beverages in $52 Million Public Offering
November 14 2018 - 1:06PM
Sichenzia Ross Ference LLP announced today that it has represented
New Age Beverages Corporation (NASDAQ:NBEV) in an underwritten
public offering of 14,835,000 million shares of its common
stock, which includes a full simultaneous exercise of the
underwriters 15% over allotment option, at a public offering price
of $3.50 per share for gross proceeds to New Age of $51,922,500
million. Roth Capital Partners and A.G.P/ Alliance Global Partners
acted as joint book-running managers for the offering.
New Age is a Colorado-based healthy beverage company engaged in
the development and commercialization of a portfolio of organic,
natural and other better-for-you beverages. The Company markets a
full portfolio of ready-to-drink (RTD) healthy beverages including
competitive offerings in the kombucha, tea, coffee, functional
waters, relaxation drinks, rehydrating beverages, and functional
medical beverage segments.
The Sichenzia Ross Ference LLP team, led by Partners Gregory
Sichenzia, Marcelle Balcombe, and Counsel Jeff Cahlon, has
represented New Age in financing transactions for gross proceeds of
approximately $100 million in 2018.
About Sichenzia Ross Ference LLP Sichenzia Ross
Ference LLP is a full service law firm with a nationally recognized
corporate and securities practice that provides experienced
representation in all matters involving the securities industry.
Our attorneys specialize in advising clients in private placements,
initial (IPOs) and secondary public offerings, mergers and
acquisitions (M&A), preparation of SEC filings and listing to
major stock exchanges such as the NYSE (New York Stock Exchange),
NASDAQ and OTC markets. In addition, our litigation and arbitration
attorneys are highly skilled in representing clients from routine
lawsuits to complex cases before the SEC, FINRA and other
tribunals. The firm also complements its core practice areas with
an established commercial real estate and trusts and estates
practice. Visit www.srf.law to learn more.
212-930-9700
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