PLANO,
Texas, Oct. 20, 2023 /PRNewswire/ -- NuZee, Inc.
(NASDAQ: NUZE), a leading coffee co-packing and technology
company, today announced the closing of its previously announced
underwritten public offering of 425,000 shares of its common stock
at a public offering price of $3.00
per share. Gross proceeds before deducting underwriting discounts,
commissions and other offering expenses were approximately
$1.275 million.
Maxim Group LLC acted as 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 securities were 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
were offered only by means of a written prospectus and prospectus
supplement that form a part of the effective registration
statement. A final prospectus supplement 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. Electronic 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 these securities, nor shall there
be any sale of these securities in any state or other 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 other jurisdiction.
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.
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.
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SOURCE NuZee, Inc.