Attached files
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EX-99.2 - PRESS RELEASE ISSUED AUGUST 22, 2018 - NewAge, Inc. | nbev_ex992.htm |
EX-5.1 - OPINION OF SICHENZIA ROSS FERENCE KESNER LLP - NewAge, Inc. | nbex_ex51.htm |
EX-1.1 - UNDERWRITING AGREEMENT - NewAge, Inc. | nbev_ex11.htm |
8-K - CURRENT REPORT - NewAge, Inc. | nbev_8-k.htm |
Exhibit 99.1
New Age Beverages Corporation Announces Proposed Public Offering Of
Common Stock
DENVER, CO / ACCESSWIRE / August 21, 2018 / NEW AGE BEVERAGES
CORPORATION (NASDAQ: NBEV), the Colorado-based organic and
natural healthy functional beverage company intending to become the
world's leading healthy beverage company, today announced that it
intends to offer shares of its common stock in an underwritten
public offering.The offering is subject to market and other
conditions, and there can be no assurance as to whether or when the
offering may be completed, or as to the actual size or terms of the
offering.
One or
more of the officers and directors of New Age have indicated
interests in purchasing common stock in the offering on the same
terms as the other purchasers in the offering.
Roth
Capital Partners is acting as the sole book-running manager for the
proposed offering. Northland Capital Markets is acting as the lead
manager for the proposed offering. Northland Capital Markets is the
trade name for certain capital markets and investment banking
services of Northland Securities, Inc., member of
FINRA/SIPC.
A shelf
registration statement relating to the shares of common stock to be
issued in the proposed offering was filed with the Securities and
Exchange Commission (the "SEC") and was declared effective on
October 16, 2017. Copies of the preliminary prospectus supplement
and accompanying prospectus will be filed with the Securities and
Exchange Commission and, when available, may be obtained from Roth
Capital Partners, LLC, 888 San Clemente, Newport Beach, CA 92660,
(800) 678-9147, by contacting Northland Capital Markets, 150 South
Fifth Street, Suite 3300, Minneapolis, MN 55402, Attention: Heidi
Fletcher, by calling toll free at 800-851-2920, by email at
hfletcher@northlandcapitalmarkets.com
or by accessing the SEC's website at www.sec.gov.
This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, 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 that was created in 2016 and 2017 with the
combination of Búcha Live Kombucha®, XingTea®,
Coco-Libre®, and Marley®, to create a one-stop-shop
solution for retailers and distributors providing healthier
beverages in the disruptive growth segments of the $1
trillion-dollar non-alcoholic beverage industry.In that period, New
Age has become the 56th largest beverage company, one of the
largest healthy beverage companies, and the fastest growing in the
world over the past two years.New Age competes Ready to Drink (RTD)
Tea, RTD Coffee, Kombucha, Energy Drinks, Relaxation Drinks,
Coconut Waters, Functional Waters, and Rehydration Beverages with
the brands Búcha Live Kombucha, Xing, Marley, Coco-Libre,
Aspen Pure, and 'nhanced.The Company's brands are sold across all
50 states within the US and in more than 50 countries
internationally across all channels via direct and store door
distribution systems.The company operates the websites www.newagebev.com,
www.newagehealth.us,
www.mybucha.com,
www.xingtea.com,
www.aspenpure.com,
www.drinkmarley.com,www.cocolibre.com,
and https://shop.newagebev.com.
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New Age
has exclusively partnered with the world's 5th largest water
charity, WATERisLIFE, to end the world water crisis with the most
innovative technologies available. Donate at WATERisLIFE.com to
help us #EnditToday.
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, NBEV undertakes no obligation to update or
revise any forward-looking statements.
For
investor inquiries about New Age
Beverages Corporation please contact:
Cody
Slach, Liolios Group,
Inc.
Investor
Relations Counsel
Tel
949-574-3860
NBEV@Liolios.com
New Age Beverages Corporation
John
Price, CFO
303-289-8655
JPrice@NewAgeBev.com
SOURCE: New Age Beverage Corporation
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