RICHARDSON, Texas, Dec. 5, 2023
/PRNewswire/ -- 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.
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. 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.
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.