NuZee Inc: Down on discounted public offering of units
19/03/2021 17:38
** Shares of specialty coffee company NUZE.O slump 20.7%
to $4.04- lowest in over 2-1/2 years
** Stock down for fifth straight session
** Co's public offering of 2.8 mln units priced at $4.50 per
unit, representing a 11.7% discount to stock's last close
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** Expects gross proceeds of about $12.5 mln- NUZE
** NuZee has granted the underwriters a 45-day option to
purchase additional units
** Offering is expected to close on March 23; Aegis Capital
Corp. is acting as sole book-running manager
** YTD, stock down 62.3%
(Reporting by Shreyasee Raj in Bengaluru)
((Shreyasee.Raj@thomsonreuters.com;))