RICHARDSON, Texas, Oct. 17,
2023 /PRNewswire/ -- NuZee, Inc. (NASDAQ: NUZE),
a leading coffee co-packing and technology
company, today announced it has commenced a firm commitment
underwritten public offering of its common stock. All of the
shares of common stock are being offered by NuZee. The public
offering is subject to market and other conditions, and there can
be no assurance as to whether or when the public offering may be
completed, or the actual size or terms of the public offering.
Maxim Group LLC is acting as the sole book-running manager for
the public offering.
The public offering is being made pursuant to an effective shelf
registration statement on Form S-3 (File No. 333-274818) previously
filed with the U.S. Securities and Exchange Commission (the "SEC")
on September 29, 2023 and declared effective
on October 5, 2023. The securities will be offered only by
means of a preliminary prospectus supplement and accompanying
prospectus forming a part of the effective registration statement.
A preliminary prospectus supplement describing the terms of the
public offering will be filed with the SEC and will be available on
the SEC's website located at www.sec.gov. Copies of the
preliminary prospectus supplement and accompanying prospectus
relating to the public offering may be obtained, when available, by
contacting Maxim Group LLC, 300 Park Avenue, New York,
NY 10022, or by telephone at (212) 895-3745, or by email at
syndicate@maximgrp.com. Before you invest, you should read the
preliminary prospectus supplement and accompanying prospectus,
together with the information incorporated therein, for more
complete information about NuZee and the proposed offering. The
final terms of the offering will be disclosed in a final prospectus
supplement to be filed with the SEC.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements include, but are not limited to, NuZee's
beliefs, plans, goals, objectives, expectations, assumptions,
estimates, intentions, future performance, other statements that
are not historical facts and statements identified by words such as
"expects", "anticipates", "intends", "plans", "believes", "seeks",
"estimates" or words of similar meaning. NuZee cautions you
that such statements are simply predictions and actual events or
results may differ materially. These statements reflect NuZee's
current expectations and NuZee does not undertake to update or
revise these forward-looking statements except as required by law,
even if experience or future changes make it clear that any
projected results expressed or implied in this or other NuZee
statements will not be realized. Further, these statements involve
risks and uncertainties, many of which are beyond NuZee's control,
which could cause actual results to differ materially from the
forward-looking statements. Statements related to, among other
things, the consummation of the offering of common stock and
potential changes in market conditions constitute forward-looking
statements. These risks and uncertainties, many of which are beyond
our control, include: NuZee's plan to obtain funding for its
operations, including funding necessary to develop, manufacture and
commercialize its products; the impact to NuZee's business from
COVID-19 global crisis; general market acceptance of and demand for
NuZee's products; and NuZee's commercialization, marketing and
manufacturing capabilities and strategy; for description of
additional factors that may cause NuZee's actual results,
performance or expectations to differ from any forward looking
statements, please review the information set forth in the 'Risk
Factors' and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" sections of the NuZee's public
reports and NuZee's other filings made with the SEC.
About NuZee
NuZee, Inc., (NASDAQ: NUZE), is a leading co-packing
company for single-serve coffee formats that partners with
companies to help them expand within the single-serve and private
label coffee category. Providing end-to-end innovative and
sustainable solutions with the flexibility and capacity for both
small roasters and large global brands, NuZee is revolutionizing
the way single-serve coffee is enjoyed in the U.S. Through the
brand's unique process, NuZee fulfills every aspect of co-packing
needs, from sourcing, roasting and blending, to packing and
packaging.
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SOURCE NuZee, Inc.