For more information
Managing Director &
Head of Consumer
Equity Capital Markets
Head of Equity
Senior Vice President
Senior Vice President
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
(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,
Date of Announcement:
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..