NuZee, Inc. (OTCQB: NUZE) (d/b/a/ Coffee Blenders®), a single serve pour over co-packer that is revolutionizing the way coffee is enjoyed in America today announced the closing of approximately $1.4 million private placement equity financing. The Company sold 1,208,003 shares of common stock at a price of $1.20 per share. These sales were conducted during the period July 2, 2018 through October 11th, 2018.
Net proceeds will be used for general business operations.
“We are making notable progress in our ongoing evolution to become a co-packing business for regional and global coffee brands,” said Masa Higashida, NuZee’s Chief Executive Officer. “This additional capital will enable us to continue to pursue new clients, establish new sales channels, and support the introduction of new products.”
All of the investors were non-U.S. persons (as that term is defined in Regulation S of the Securities Act of 1933, as amended) and those investors purchased in transactions outside of the United States. In issuing shares to those investors, we relied on the exemptions from the registration requirements provided for in Regulation S and/or Section 4(2) of the Securities Act of 1933, as amended.
This Press Release does not constitute an offer to sell or the solicitation of an offer to buy any security. The securities described herein have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States or any state thereof absent registration under the Securities Act and applicable state securities laws or an applicable exemption from registration requirements.
About NuZee and Coffee Blenders
NuZee, Inc. (d/b/a Coffee Blenders®) is a pioneer in functional coffee, offering gourmet specialty grade coffee in convenient single serve cups using only natural ingredients with clinically supported nutraceuticals. Coffee Blenders also manufactures and sells in the United States its Drip Cup line of single serve, pour-over functional coffees, including Lean Cup® (for weight loss), Think Cup® (for cognitive performance), Relax Cup® (for stress reduction), Active Cup® (for a pre-workout boost of energy), Nude Cup® (100% Arabica coffee with no function), and Matcha Cup tea, ready-to-drink (RTD) gourmet, functional, cold brew coffee, and a Whole Bean coffee line. For more information on Coffee Blenders, please visit: http://www.coffeeblenders.com.