Westrock Coffee Company Announces Additional $25M Equity Investment Through The Purchase Of 2.5M Shares Of Common Stock At A Price Of $10/Share
Portfolio Pulse from Happy Mohamed
Westrock Coffee Company (NASDAQ:WEST) has announced an additional $25 million equity investment through the purchase of 2.5 million shares of common stock at $10 per share by the Arkansas Teacher Retirement System (ARTRS). This is an incremental investment over the $75 million equity investment announced on June 30, 2023. The investments are expected to close in August 2023 and will support the company's expansion plans.
July 18, 2023 | 8:16 pm
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Westrock Coffee's additional $25 million equity investment from ARTRS will support the company's expansion plans, potentially leading to increased revenues and growth.
The additional investment will provide Westrock Coffee with the necessary capital to expand its business operations. This could potentially lead to increased revenues and growth, which would likely have a positive impact on the company's stock price.
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