Goyal Salt expands product portfolio with launch of black salt
The Company sold 696,797 shares of common stock at a price of $5.85 per share
NuZee, Inc., a specialty coffee company and a leading U.S. single serve pour over coffee producer and co-packer that wants to revolutionize the way coffee is enjoyed in America, has recently closed $4,076,262 private placement equity financing. The Company sold 696,797 shares of common stock at a price of $5.85 per share. These sales were conducted during the period April through July 2019.
Net proceeds will be used for general corporate purposes.
“The current private placement provides NuZee with funding for us to begin to execute our recently announced expansion plans for Vista, California and the creation of a new manufacturing hub in Plano, Texas,” said Masa Higashida, NuZee’s Chief Executive Officer. “As we continue to grow our co-packing business, we have timed the operational completion of our Texas facility to match our forecasted potential capacity constraints of our existing California operations.”
The Drip Cup is one of the most popular methods of enjoying coffee in Japan, where more than 2.5 billion cups are consumed each year. Each Drip Cup comes sealed in a single-serve, nitrogen-flushed package. Simply pass hot water over the ground coffee contained in the specially designed, perforated pouch for delicious coffee anywhere, anytime. The Drip Cup methods requires no machinery (just hot water) and creates minimal waste.
All of the investors were non-U.S. persons (as that term is defined in Regulation S under the Securities Act of 1933, as amended) or accredited investors (as that term is defined in Regulation D under the Securities Act of 1933, as amended) and those investors purchased in transactions outside of the United States or exempt from the registration requirements of Securities Act pursuant to Rule 506, respectively. In issuing shares to those investors, we relied on the exemptions from the registration requirements provided for in Regulation S, Reg D and/or Section 4(2) of the Securities Act of 1933, as amended.