Coffee Service

NuZee announces public offering

Logo provided.

March 19, 2021

NuZee Inc., a single-serve pour-over coffee co-packer, has commenced a proposed public offering of its units, with each unit consisting of one share of common stock, par value $0.00001 per share, one series A warrant to purchase one share of common stock and one series B warrant to purchase one-half of a share of common stock, according to a press release.

The underwriters will have a 45-day option to purchase additional units, or any combination of the individual securities composing the units representing up to 15% of the aggregate number of units sold in the offering, on the same price, terms and conditions to cover over-allotments, if any.

The proposed 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.

NuZee intends to use the net proceeds from the Offering for working capital and general corporate purposes.

The company announced a public offering in May of 2020.