Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - NewAge, Inc. | nbev_8k.htm |
| EX-5.1 - OPINION - NewAge, Inc. | nbev_ex51.htm |
| EX-99.1 - PRESS RELEASE ISSUED APRIL 9, 2018 - NewAge, Inc. | nbev_ex991.htm |
| EX-1.1 - UNDERWRITING AGREEMENT, DATED APRIL 10, 2018 - NewAge, Inc. | nbev_ex11.htm |
Exhibit 99.2
NEW AGE BEVERAGES CORP. PRICES 2,285,715 SHARE COMMON STOCK
OFFERING
DENVER, CO, APRIL 9, 2018 – 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 2,285,715 shares of its common stock at a price
to the public of $1.75 per share. The gross proceeds to New Age
Beverages Corp. from this offering are expected to be approximately
$4,000,000, 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 342,857 shares of common stock to cover over-allotments,
if any. The offering is expected to close on April 12, 2018,
subject to customary closing conditions.
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
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”) and
declared effective on October 16, 2017. A preliminary prospectus
supplement and accompanying prospectus relating to the proposed
offering was filed with the SEC on April 9, 2018 and is available
on the SEC’s website located at http://www.sec.gov. A final
prospectus supplement and accompanying prospectus relating 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 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