Better choice announces offering of common stock concurrent with uplisting to the nyse american stock exchange

New york, june 16, 2021 (globe newswire) -- better choice company (otcqx: bttr) (“better choice”), an animal health and wellness company, today announced that it intends to offer 4,500,000 shares of its common stock for sale in an underwritten public offering, after giving effect to the company's proposed 1-for-6 reverse stock split. in addition, the company expects to grant the underwriter a 30-day option to purchase up to an additional 15 percent of the shares of common stock offered in the public offering solely to cover over-allotments, if any. the company intends to use the net proceeds from this offering for working capital and general corporate purposes. the company may use a portion of the net proceeds to acquire complementary assets, products or businesses; however, the company currently has no agreements or commitments to complete any such acquisition. the offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. the company has applied to list its common stock on the nyse american under the symbol “bttr”.
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