New Age Beverages Corporation Prices $15,000,000 Public

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
84
New Age Beverages Corporation Prices $15,000,000 Public Offering And Listing on the NASDAQ Capital Market

DENVER, CO--(Marketwired - Feb 14, 2017) -  NEW AGE BEVERAGES CORP. ( NASDAQ : NBEV ), the Colorado-based Company that markets the brands XingTea®, Aspen Pure® Rocky Mountain Water, Búcha® Live Kombucha, Marley One Drop® Coffee, and Marley Mellow Mood® Relaxation Drinks, today announced the pricing of an underwritten public offering of 4,285,714 shares of its common stock at a price to the public of $3.50 per share. The gross proceeds to New Age Beverages Corp. from this offering are expected to be approximately $15,000,000, before deducting underwriting discounts and commissions and other estimated offering expenses. New Age Beverages Corp. has granted the underwriters a 45-day option to purchase up to an additional 642,857 shares of common stock to cover over-allotments, if any. The offering is expected to close on February 17, 2017, subject to customary closing conditions. Shares of our Common Stock will begin trading on February 14, 2017 under the symbol "NBEV" on the Nasdaq Capital Market.

Aegis Capital Corp. and Maxim Group LLC are acting as joint book-running managers for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and became effective on February 13, 2017.

The offering will be made only by means of a prospectus. A copy of the prospectus relating to the offering may be obtained, when available, by contacting Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY 10019, telephone: 212-813-1010, e-mail: prospectus@aegiscap.com . Investors may also obtain these documents at no cost by visiting the SEC's website at http://www.sec.gov .

This press release shall 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 registration or qualification under the securities laws of any such state or jurisdiction.

About New Age Beverages Corporation ( NASDAQ : NBEV

New Age Beverages Corporation is a Colorado-based, healthy functional beverage company originally founded in 2003 and re-created via the combination of XingTea®, Aspen Pure® Rocky Mountain Water, Búcha® Live Kombucha, and New Age Beverages in June 2016. In October 2016, the Company signed a management agreement to take over the Marley One Drop® RTD Coffee, and Marley Mellow Mood™ Relaxation Drinks brands. The Company trades under the symbol NBEV on the Nasdaq Capital Market. The Company competes in the fast growing healthy functional beverage segments including Ready to Drink (RTD) Tea, RTD Coffee, Kombucha, Energy Drinks, Relaxation Drinks and Functional Waters. The Company's brands are sold across all 50 states within the US and in more than 10 countries internationally across all channels via direct and store door distribution systems. The company operates the websites www.newagebev.us , www.mybucha.com , www.xingtea.com , www.aspenpure.com , and www.drinkmarley.com .

Safe Harbor Disclosure

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. Forward-looking statements are any statement reflecting management's current expectations regarding future results of operations, economic performance, financial condition and achievements of the Company including statements regarding New Age Beverage's expectation to see continued growth. The forward-looking statements are based on the assumption that operating performance and results will continue in line with historical results. Management believes these assumptions to be reasonable but there is no assurance that they will prove to be accurate. Forward-looking statements, specifically those concerning future performance are subject to certain risks and uncertainties, and actual results may differ materially. New Age Beverages competes in a rapidly growing and transforming industry, and other factors disclosed in the Company's filings with the Securities and Exchange Commission might affect the Company's operations. Unless required by applicable law, New Age Beverages undertakes no obligation to update or revise any forward-looking statements.

Websites: www.newagebev.us www.mybucha.com www.xingtea.com www.aspenpure.com www.drinkmarley.com

For investor inquiries about New Age Beverages Corporation please contact: Amato and Partners, LLC Investor Relations Counsel admin@amatoandpartners.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Job Market Shifts: Adaptation vs. Fairness Dilemma

Updated Category News Views 2

The Chameleon Effect in Today's Job Market Walk into any open-space office these days, and you'll see faces plastered with composed, work-ready smiles—faces that might not look so familiar outside those walls. The modern workplace has draped its cloak over individual personalities, with the mighty pressure to 'fit in' often forcing a change in how folks present...

Continue Reading
LeoLabs and SciTec Partner for $93.7M Space Force Deal

Updated Category News Views 2

LeoLabs and SciTec Join Forces for Space Dominance The space race ain't just about rockets blasting off anymore. It's about making sure we've got eyes everywhere, even on the back of our heads, so to speak. Enter LeoLabs teaming up with SciTec to help the U.S. Space Force upgrade their radar systems to something out of a sci-fi flick, armed with a $93.7 million contract...

Continue Reading
Woodpack Global Unveils Crate Design System: A New Era Begins

Updated Category News Views 1

Innovating the Wooden Crate Landscape An old industry got a much-needed facelift today, folks. Woodpack Global has rolled out Crate Design System™ (CDS)—a snazzy new tool that's shaking up the wooden crate design landscape. It blows the dust off outdated design methods that have been collecting cobwebs since the '60s. That's right, we’re talking about a significant...

Continue Reading
Hair Syrup's Big U.S. Leap: Target Welcomes Viral Brand

Updated Category News Views 2

From Kitchen Experiment to U.S. Debut Here's a story that barely fits the tight mold of your typical business textbook. Hair Syrup, born from the brain of a university student tinkering at her kitchen table, is about to make waves across the pond. Lucie Macleod did what many dream of—she took a DIY hair oil project and spun it into a multimillion-dollar brand, now set...

Continue Reading
Are FULC, WEAV, TECH Shareholders Getting a Raw Deal?

Updated Category News Views 2

Pocketing Insider Gains Amidst Shareholder Concerns Let me tell you, it smells like another day in the financial jungle where insiders might be feasting while the regular Joe shareholders are left nibbling on crumbs. Fulcrum Therapeutics, Weave Communications, and Bio-Techne are in the crosshairs for deals that may favor those on the inside track over you and me, the...

Continue Reading
EFSI Shareholders on Alert Amid M&A Deal Scrutiny

Updated Category News Views 3

Eagle Financial Services Under the Microscope A buzz is picking up in the world of mergers and acquisitions, and this time, it's Eagle Financial Services, Inc. (NASDAQ: EFSI) caught in the crosshairs. What's the chatter all about? Well, it looks like Juan Monteverde and his crew over at Monteverde & Associates PC have set their sights on Eagle's proposed sale to John...

Continue Reading
Veho's Role in Redefining Beauty E-Commerce Delivery

Updated Category News Views 1

Veho Grabs Headlines with BeautyMatter Awards Nod Here's something a bit off the beaten path: Veho's been tapping into new wells of opportunity in the e-commerce sector, and their latest accolade demonstrates just that. Named a finalist in the 2026 BeautyMatter Awards under the Logistics category, they're making noise in all the right circles. Beyond Boxes: Transforming...

Continue Reading
MCatalysis Secures $5M to Disrupt Fuel Cost Dynamics

Updated Category News Views 3

Funding Fuels Innovation MCatalysis has just secured a hefty $5 million in seed funding to throw down with the big dogs in energy production. This isn't your regular backyard science project; this company is serious about changing the game with a tech-driven approach that could undercut current fuel prices. HL Energy Ventures and Oxford Science Enterprises are backing...

Continue Reading
Give Lively & Change Simplify CA Nonprofit Compliance

Updated Category News Views 0

A Fresh Wind Blowing for California Nonprofits So, here's a twist in the nonprofit world that's stirring the pot just right. Give Lively and Change have partnered up to tackle the thorny issue of regulatory compliance in California. It's a big win for the nonprofits looking to keep fundraising through Give Lively without getting tangled in the bureaucratic web spun up by...

Continue Reading
South Florida Donor Network Honors 52 Heroic Donors

Updated Category News Views 3

A Heartfelt Tribute to Lifesavers You ever been to a gathering that reminds you how deeply human connections run? That's what happened at The Diplomat Beach Resort in Hollywood. South Florida Donor Network (SFDN) pulled together a ceremony honoring 52 donor heroes whose legacies beat strong through the recipients living thanks to their gifts. An Event Worth Attending...

Continue Reading

Top 5 Most Recently Viewed Articles

ONWARD Medical to Host Q3 2024 Update Webcast for Investors

Updated Category News Views 176

ONWARD Medical Announces Upcoming Webcast for Q3 2024 Highlights ONWARD Medical N.V. (Euronext: ONWD), a pioneering medical technology company, is gearing up to host an engaging webcast aimed at sharing its notable business highlights for the third quarter of 2024. The company specializes in creating advanced spinal cord stimulation therapies that aim to restore movement,...

Continue Reading
The Thriving eSports Market is Set to Hit $9.1 Billion

Updated Category News Views 88

The Explosive Growth of the eSports Market The eSports industry is witnessing a remarkable evolution that’s capturing the attention of gamers, investors, and fans alike. With video gaming transitioning from casual play to a competitive landscape, the eSports market is poised to reach unprecedented heights. According to recent projections, it is expected to surpass a...

Continue Reading
Advanced Micro Devices Sees Bullish Signal with Stock Surge

Updated Category News Views 76

AMD Stock Experiences Notable Surge Following Power Inflow Alert Advanced Micro Devices Inc (NASDAQ: AMD) recently demonstrated a remarkable price movement driven by a significant Power Inflow alert. This bullish indicator, closely monitored by both retail and institutional traders, reflects a shift in order flow analytics where buying interest surges. The day began with...

Continue Reading
Coupa Excels in IDC MarketScape for European e-Invoicing 2024

Updated Category News Views 45

Coupa Recognized as a Leader in European Compliant e-Invoicing Coupa, known as the margin multiplier company, has been acknowledged in the IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment. This notable recognition highlights Coupa's commitment to delivering top-notch solutions that enhance compliance and operational efficiency through its advanced...

Continue Reading
Innovative Power Ratchet Strap Revolutionizes Load Securing

Updated Category News Views 240

Revolutionizing Load Securement with the Power Ratchet Strap In the world of securing loads, the struggle with traditional ratchet straps has been a common pain point for many. An inventive mind from Grand Junction recognized this issue and sought to bring forth a solution that simplifies the process. The result is the Power Ratchet Strap, a groundbreaking product...

Continue Reading