Nuzee (d/b/a coffee blenders®) closes public offering of units

Plano, texas, march 23, 2021 /prnewswire/ -- nuzee, inc. (nasdaq: nuze) ("nuzee"), a leading u.s. single serve pour over coffee co-packer, announced today the completion of its previously announced underwritten public offering of 2,777,777 units (the "units"), at a price to the public of $4.50 per unit. nuzee raised gross proceeds of approximately $12,508,333, before deducting underwriting discounts and commissions and estimated offering expenses payable by nuzee, which includes the exercise of the underwriter's option to purchase (i) 416,666 additional series a warrants (as defined below, with an initial exercise price of $4.50) at a purchase price of $0.01 per series a warrant sold pursuant to the full exercise of this component of the over-allotment option, and (ii) 416,666 additional series b warrants (as defined below, with an initial exercise price of $5.85) at a purchase price of $0.01 per series b warrant sold pursuant to the full exercise of this component of the over-allotment option.
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