Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - NewAge, Inc. | nbev_8k.htm |
| EX-5.1 - OPINION - NewAge, Inc. | nbev_ex51.htm |
| EX-99.2 - PRESS RELEASE ISSUED APRIL 10, 2018 - NewAge, Inc. | nbev_ex992.htm |
| EX-1.1 - UNDERWRITING AGREEMENT, DATED APRIL 10, 2018 - NewAge, Inc. | nbev_ex11.htm |
Exhibit 99.1
NEW AGE BEVERAGES CORPORATION ANNOUNCES
PROPOSED PUBLIC OFFERING OF COMMON STOCK
DENVER, COLORADO, April 9, 2018 – New Age Beverages
Corporation (NASDAQ:
NBEV)
the Colorado-based organic and natural healthy
functional beverage company dedicated to making a difference for
consumers with better-for-you alternatives, today announced that it
intends to offer shares of its common stock for sale in an
underwritten public offering. New Age Beverages Corp. intends to
use the net proceeds from this offering for purchasing new
inventory for newly gained distribution and other general working
capital. The offering is subject to market 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.
A.G.P./Alliance Global Partners, offering securities through Euro
Pacific Capital, Inc. and Maxim Group LLC 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 will be filed with the SEC and will be available on the
SEC’s website located at http://www.sec.gov. Electronic
copies of the preliminary prospectus supplement and prospectus may
be obtained, when available, from A.G.P./Alliance Global Partners,
offering securities through Euro Pacific Capital, Inc., 590 Madison
Avenue, 36th Floor, New York, NY 10022 or via telephone at
212-624-2006 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 New Age Beverages Corp. has filed with
the SEC that are incorporated by reference in such prospectus
supplement and the accompanying prospectus, which provide more
information about New Age Beverages Corp. 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 (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 $870
Billion-dollar non-alcoholic beverage industry. In that period, New
Age has become the 54th largest beverage
company, the 8th largest healthy
beverage company, and the fastest growing in the world. 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, XingTea®, XingEnergy®, Marley One Drop®,
Marley Mellow Mood®, Marley Mate™,
Marley Cold Brew™,
Coco-Libre®, PediaAde™, and Aspen Pure® PH and
Aspen Pure® Probiotic Water. 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.com,
www.newagehealth.us,
www.mybucha.com,
www.xingtea.com,
www.aspenpure.com,
www.drinkmarley.com,
www.cocolibre.com, and
https://shop.newagebev.com.
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