Nuzee Inc Stock Price, News & Analysis

NuZee, Inc. (Nasdaq: NUZE) has priced an underwritten public offering of 2,777,777 units at $4.50 each, aiming to raise approximately $12.5 million in gross proceeds. Each unit includes one share of common stock and two series of warrants. The offering is set to close on March 23, 2021, pending customary closing conditions. Aegis Capital Corp. acts as the sole book-running manager. The offering was made under a shelf registration statement previously filed with the SEC.

NuZee, Inc. (Nasdaq: NUZE) announced a proposed underwritten public offering of its units, each consisting of a share of common stock, a Series A warrant, and a Series B warrant. The offering is subject to market conditions, and underwriters may purchase additional units to cover over-allotments. Proceeds from the offering will be used for working capital and general corporate purposes. NuZee has filed a registration statement with the SEC related to the offering. The company operates as a leading single-serve pour-over coffee co-packer in the U.S. and Korean markets.

NuZee, Inc. (NASDAQ: NUZE) announced nominations for independent directors to its Board ahead of the 2021 Annual Meeting on March 3, 2021. Nobuki Kurita and David G. Robson have been nominated, while current directors Shanoop Kothari and Allen S. Morton will not be re-elected. Kothari will retain his role as Chief Financial Officer and Chief Operating Officer. Kurita has a strong background in semiconductors and leadership roles in Sony, while Robson offers significant experience in the coffee industry.

NuZee, Inc. (NASDAQ: NUZE) has entered a strategic partnership with Farmer Bros. Co. to expand its manufacturing capabilities for single-serve coffee and tea products in the U.S. Farmer Brothers will allow NuZee to install up to 50 co-packing machines in its Northlake, Texas facility, enabling the potential production of up to 300 million units. This collaboration aims to leverage Farmer Brothers' distribution network and sustainability commitment. NuZee's CEO expressed optimism about changing coffee consumption in America, while Farmer Brothers sees financial and operational benefits in partnering with NuZee.

NuZee, Inc. (NASDAQ: NUZE) formed an Advisory Team to enhance sales strategies and operational efficiencies. This team, comprised of industry experts, will aid in growing the company's B2B co-packing capabilities, focusing on single-serve pour-over coffee formats. The members include Stanley Soebianto, Jill Talcott, Brent Toevs, and Tokunori Yamamoto, each bringing extensive experience in coffee sourcing, product innovation, and operational efficiency. CEO Masa Higashida expressed confidence in the team's ability to drive innovation and expand partnerships.

NuZee, Inc. (NASDAQ: NUZE), a leading single-serve pour-over coffee producer, announced the full exercise and closing of an over-allotment option from its recent public offering. This resulted in the issuance of an additional 105,000 shares, bringing total proceeds to approximately $6.1 million, after expenses. The offering initially included 700,000 shares sold at $9.00 each. Funds will be used for working capital and corporate purposes. The offering was managed by The Benchmark Company, LLC, and was conducted under a registration statement declared effective by the SEC.

NuZee, Inc. (NASDAQ: NUZE), a leading U.S. specialty coffee co-packer, announced a co-packing agreement with Golden Ratio, an Austin-based startup known for its low-acid, tea-like 'gold coffee.' Production at NuZee's Vista, California facility commenced in May 2020. This partnership aims to create eco-friendly, single-serve coffee pouches, catering to the growing market of environmentally conscious consumers. Golden Ratio offers two flavored varieties at launch: Vanilla Coconut and Chai Spiced, highlighting convenience and sustainability in the coffee industry.

NuZee, Inc. (NASDAQ: NUZE) announced changes in senior management to enhance focus on single-serve pour-over coffee. CEO Masateru Higashida will also serve as President, overseeing international subsidiaries. CFO Shanoop Kothari becomes COO, handling production and consumer channels, while Travis Gorney is appointed CMO, tasked with building a sales team targeting U.S. coffee brands. These adjustments aim to leverage management strengths for increased sales and profitability.

NuZee, Inc. (NASDAQ: NUZE) announced the completion of its public offering of 700,000 shares at $9.00 each, generating approximately $5.3 million in net proceeds. The funds will be used for working capital and general corporate purposes. Additionally, the underwriters have a 45-day option to purchase 105,000 more shares. The offering was conducted under a registration statement filed with the SEC, effective June 18, 2020, and the company's stock began trading on NASDAQ on June 19, 2020.