ROTH Capital Partners Acts as Sole Book-Running Manager
for New Age Beverages Corporation (NASDAQ: NBEV)
in its $11.8 Million Follow-On

   

For more information please contact:

Investment Banking
Paul Zaffaroni
Managing Director &
Head of Consumer
Investment Banking
(949) 720-7174
pzaffaroni@roth.com

Jonathan Alyn
Director
(949) 720-7156
jalyn@roth.com

Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
 
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
 
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
New Age Beverages Corporation (NASDAQ: NBEV), a Colorado-based organic and natural healthy functional beverage company, has closed an underwritten public offering of 9,200,000 shares of its common stock, which includes the sale of 1,000,000 additional shares pursuant to the full exercise of the allotment option. The shares were sold at the public offering price of $1.28 per share, resulting in gross proceeds to the company of approximately $11.8 Million.

New Age Beverages Corporation intends to use the proceeds from the offering to purchase inventory for newly gained distribution and for other general working capital purposes.

ROTH Capital Partners acted as the sole book-running manager for the offering.

About New Age Beverages Corporation
New Age Beverages Corporation is a Colorado-based healthy functional beverage company that was created in 2016 and 2017 with the combination of Búcha Live Kombucha®, XingTea®, Coco-Libre®, and Marley®, to create a one-stop-shop solution for retailers and distributors providing healthier beverages in the disruptive growth segments of the $1 trillion-dollar non-alcoholic beverage industry. In that period, New Age has become the 56th largest beverage company, one of the largest healthy beverage companies, and the fastest growing in the world over the past two years. New Age competes Ready to Drink (RTD) Tea, RTD Coffee, Kombucha, Energy Drinks, Relaxation Drinks, Coconut Waters, Functional Waters, and Rehydration Beverages with the brands Búcha Live Kombucha, Xing, Marley, Coco-Libre, Aspen Pure, and 'nhanced. The Company's brands are sold across all 50 states within the US and in more than 50 countries internationally across all channels via direct and store door distribution systems.

New Age Beverages Corporation operates the websites www.newagebev.com, www.newagehealth.us, www.mybucha.com, www.xingtea.com, www.aspenpure.com, www.drinkmarley.com, www.cocolibre.com, and https://shop.newagebev.com. (Source: Company Press Release | 8/22/18)

About ROTH Capital Partnerss
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit www.roth.com.

Date of Announcement: 8/29/18

The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2018..