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EX-99.1 - PRESS RELEASE - NewAge, Inc. | nbev_ex991.htm |
EX-5.1 - OPINION ON LEGALITY - NewAge, Inc. | nbev_ex51.htm |
EX-1.1 - UNDERWRITING AGREEMENT - NewAge, Inc. | nbev_ex11.htm |
8-K - CURRENT REPORT - NewAge, Inc. | nbev_8k.htm |
Exhibit 99.2
New Age Beverages Corporation Prices $45 Million Offering Of Common
Stock
DENVER, CO / ACCESSWIRE / November 9, 2018 / New Age Beverages
Corporation (NASDAQ: NBEV) the Colorado-based organic, natural and healthy
functional beverage company focused on becoming the world's leading
healthy beverage company, today announced the pricing of an
underwritten public offering with gross proceeds to the Company
expected to be approximately $45 million before deducting
underwriting discounts and commissions and other estimated offering
expenses. The proposed offering equates to 12,900,000 shares of New
Age's common stock at a price of $3.50 per share. The Company
intends to use the net proceeds from this offering for working
capital and potential acquisitions.
The Company has also granted the underwriters a 45-day option to
purchase up to 1,935,000 additional shares of common stock to cover
over-allotments, if any, at the public offering price, less the
underwriting discounts and commissions. The offering is expected to
close on or about November 13, 2018 subject to customary closing
conditions.
Roth Capital Partners and A.G.P./Alliance Global Partners are
acting as joint book-running managers for the offering. This
offering is being made pursuant to an effective shelf registration
statement on Form S-3 (No. 333-219341) previously filed with the
U.S. Securities and Exchange Commission (the "SEC"). A preliminary
prospectus supplement and accompanying prospectus describing the
terms of the proposed offering have been filed with the SEC and are
available on the SEC's website located at http://www.sec.gov. A final prospectus supplement and accompanying
prospectus related to the proposed offering will be filed and made
available on the SEC's website.
Electronic copies of the preliminary prospectus supplement and the
final prospectus supplement may be obtained, when available, from
Roth Capital Partners, 888 San Clemente Drive, Newport Beach,
California 92660 or via telephone at (800) 678-9147 or
email: rothecm@roth.com; and from A.G.P./Alliance Global Partners, 590
Madison Avenue, 36th Floor, New York, NY 10022 or via telephone at
212-624-2060 or email: prospectus@allianceg.com. Before investing in this offering, interested
parties should read in their entirety the prospectus supplement and
the accompanying prospectus and the other documents that the
Company has filed with the SEC that are incorporated by reference
in such prospectus supplement and the accompanying prospectus,
which provide more information about the Company and such
offering.
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 (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 grown into one of the top 60 largest beverage companies
in the world, one of the largest healthy beverage companies, and
the fastest growing in the world over the past two years. New Age
competes in 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 enhanced. The Company's
brands are sold across all 50 states within the US and in more than
15 countries internationally across all channels via direct and
store door distribution systems.
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 statements that express the
current beliefs and expectations of management, including but not
limited to statements related to the Company’s ability to
complete the financing and its use of proceeds. Any statements
contained herein that do not describe historical facts are
forward-looking statements that are subject to risks and
uncertainties that could cause actual results, performance and
achievements to differ materially from those discussed in such
forward-looking statements. The Company cautions readers not to
place undue reliance on any forward-looking statements, which speak
only as of the date they were made. The Company undertakes no
obligation to update or revise forward-looking statements, except
as otherwise required by law, whether as a result of new
information, future events or otherwise.
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
Greg Gould
Chief Financial and Administrative Officer
Tel 303-289-8655
GGould@NewAgeBev.com
SOURCE: New Age Beverages
Corporation