August 10 - 2022
Coffee Geography MagazineNuZee, Inc. (NASDAQ: NUZE), a co-packer of single serve coffee formats, announced the pricing of its underwritten public offering of 4,200,000 shares of its common stock at a public offering price of $0.82 per share, resulting in anticipated gross proceeds to NuZee of approximately $3.4 million, before deducting underwriting discounts and commissions and offering expenses.
Maxim Group LLC is acting as the sole book-running manager for the offering. NuZee has granted the underwriter a 45-day option to purchase up to an additional 630,000 shares at the public offering price, less underwriting discounts and commissions.
The public offering is expected to close on or about August 10, 2022, subject to customary closing conditions. The securities are being offered pursuant to an effective shelf registration statement (including a prospectus) on Form S-3 (No. 333-248531) previously filed with and declared effective by the U.S. Securities and Exchange Commission (the "SEC").
The securities may be offered only by means of a written prospectus and prospectus supplement that form a part of the effective registration statement. A preliminary prospectus supplement relating to and describing the terms of the public offering has been filed with the SEC and is available on the SEC's website located at www.sec.gov.
A final prospectus supplement will be filed with the SEC and will form a part of the effective registration statement. Electronic copies of the preliminary prospectus supplement and, when available, copies of the final prospectus supplement and accompanying prospectus relating to the public offering may be obtained by contacting Maxim Group LLC, 300 Park Avenue, New York, NY 10022, or by telephone at (212) 895-3745.