Country for PR: United States
Contributor: PR Newswire New York
Monday, May 18 2020 - 17:23
AsiaNet
NuZee (d/b/a Coffee Blenders(R)) Announces The Commencement Of Proposed Public Offering Of Common Stock
PLANO, Texas, May 18, 2020 /PRNewswire-AsiaNet/--

NuZee, Inc. (OTCQB: NUZE) ("NuZee"), a single-serve pour-over coffee producer 
and co-packer, announced today that it has commenced a proposed firm commitment 
underwritten public offering (the "Offering") of shares of its common stock 
(the "Shares"). In addition, the underwriters will have a 45-day option to 
purchase additional shares of NuZee's common stock (representing up to 15% of 
the aggregate number of Shares 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. 

Logo - https://mma.prnewswire.com/media/886568/NuZee_Logo.jpg 

The Benchmark Company, LLC is acting as sole book-running manager for the 
Offering. 

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

The proposed Offering is being made pursuant to a registration statement on 
Form S-1 (No. 333-234643), including a preliminary prospectus previously filed 
with the U.S. Securities and Exchange Commission (the "SEC"), which has not yet 
become effective. The Shares may not be sold nor may offers to buy be accepted 
prior to the time the registration statement becomes effective, and may be 
offered only by means of a prospectus. A final 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 final prospectus, when available, may be obtained by 
contacting The Benchmark Company, Attention: Prospectus Department, 150 E. 58th 
Street, 17th floor, New York, NY 10155, by email at 
prospectus@benchmarkcompany.com, or by telephone at +1-(212-312-6700. Before 
investing in this offering, interested parties should read in its entirety the 
final prospectus, which provides 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 any Shares, nor shall there be any sales of the Shares 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.  

Forward-looking Statements  
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. NuZee cautions you that such statements are simply 
predictions and actual events or results may differ materially. These 
statements reflect NuZee's current expectations, and NuZee does not undertake 
to update or revise these forward looking statements, even if experience or 
future changes make it clear that any projected results expressed or implied in 
this or other NuZee statements will not be realized. Further, these statements 
involve risks and uncertainties, many of which are beyond NuZee's control, 
which could cause actual results to differ materially from the forward-looking 
statements. Statements related to, among other things, the consummation of the 
offering of the Shares and potential changes in market conditions constitute 
forward-looking statements. These risks and uncertainties, many of which are 
beyond our control, include: the effects of the COVID-19 pandemic on our 
operations and general economic conditions; the risk that the public offering 
of Shares may not close; and our need for substantial additional funds; for a 
description of additional factors that may cause NuZee's actual results, 
performance or expectations to differ from any forward-looking statements, 
please review the information set forth in the "Risk Factors" and "Management's 
Discussion and Analysis of Financial Condition and Results of Operations" 
sections of the Company's public reports filed with the SEC and in the 
preliminary prospectus and accompanying prospectus relating to the offering to 
be filed with the SEC.  

About NuZee and Coffee Blenders  
NuZee, Inc. (d/b/a Coffee Blenders(R)) is a specialty coffee company and a 
leading U.S. single-serve pour-over coffee producer and co-packer. We co-pack 
single-serve pour-over coffee products for customers in the U.S. market and 
also co-pack for the Korean market.  

SOURCE:  NuZee, Inc. 

CONTACT: NuZee Investor Relations: 
         Shanoop Kothari
         SVP and Chief Financial Officer
         +1-(713)-530-7688
         shanoop@coffeeblenders.com 
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