NuZee Prices $1.275M Underwritten Public Offering Of 425,000 Shares Of Its Common Stock At A Public Offering Price Of $3.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
NuZee, Inc. (NASDAQ: NUZE), a coffee co-packing and technology company, has priced its underwritten public offering of 425,000 shares of its common stock at $3.00 per share. The offering is expected to generate gross proceeds of approximately $1.275 million. The public offering is expected to close on October 20, 2023.
October 18, 2023 | 12:37 pm
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NuZee's public offering of 425,000 shares at $3.00 per share is expected to raise $1.275 million. The offering is expected to close on October 20, 2023.
The news of the public offering could have a neutral impact on NuZee's stock price in the short term. While the additional capital could be beneficial for the company, the dilution of shares could offset any potential gains.
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