Sichenzia Ross Ference LLP Represents New Age Beverages Corp. in $52 Million Underwritten Public Offering
Press Release – New York, NY – November 14, 2018 – Sichenzia Ross Ference LLP announced today that it has represented New Age Beverages Corporation (NASDAQ “NBEV”) in an underwritten public offering of 14,835,000 million shares of its common stock, which includes a full simultaneous exercise of the underwriters 15% over allotment option, at a public offering price of $3.50 per share for gross proceeds to NBEV of $51,922,500 million. Roth Capital Partners and A.G.P/ Alliance Global Partners acted as joint book-running managers for the offering.
NBEV is a Colorado-based healthy beverage company engaged in the development and commercialization of a portfolio of organic, natural and other better-for-you beverages. The Company markets a full portfolio of ready-to-drink (RTD) healthy beverages including competitive offerings in the kombucha, tea, coffee, functional waters, relaxation drinks, rehydrating beverages, and functional medical beverage segments.
The Sichenzia Ross Ference LLP team, led by Partners Gregory Sichenzia, Marcelle Balcombe, and Counsel Jeff Cahlon, has represented NBEV in financing transactions for gross proceeds of approximately $100 million in 2018.
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