Newage announces $58 million private placement

Denver, feb. 16, 2021 (globe newswire) -- newage, inc. (nasdaq: nbev), the colorado-based social selling and distribution company with a global network of independent brand partners and distributors today announced that it has entered into a definitive agreement with investors to purchase 14.6 million shares of common stock in a private placement priced at-the-market under nasdaq rules. the purchase price for the shares of common stock is $3.96.
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