NuZee (NASDAQ:NUZE) Completes Sale of Common Stock to Non-U.S. Investors

NuZee, Inc., a Nevada corporation, recently finalized the sale and issuance of 701,754 shares of its common stock to a non-U.S. investor for a total purchase price of $400,000. This transaction, which took place on October 22, 2024, marks the completion of the sale of 3,508,769 shares with an aggregate purchase price of $2,000,000 as outlined in the securities purchase agreement entered into by the Company and certain investors.

The initial agreement, detailed in a Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC) on September 30, 2024, indicated that on September 24, 2024, NuZee, Inc. had entered into a securities purchase agreement with investors for the sale and issuance of the shares of its common stock. Subsequent to this, on October 14, 2024, the Company issued 2,807,015 shares of common stock to four non-U.S. investors as part of the same agreement, following the receipt of the purchase amounts.

The recent completion of the sale of all shares under the Purchase Agreement concludes the financial transaction that saw the issuance of the company’s common stock to several non-U.S. investors. It’s important to note that the information provided in the Current Report on Form 8-K regarding the sale and issuance of equity securities is incorporated by reference in this report.

Details regarding the Purchase Agreement and associated Registration Rights Agreement are available in full through Exhibits 10.1 and 10.2, respectively, attached to the previous Current Report on Form 8-K filed by NuZee, Inc. on September 30, 2024.

The official filing and completion of this financial transaction were confirmed by Jianshuang Wang, Chief Executive Officer and Director of NuZee, Inc., with the signing of the report on October 23, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read NuZee’s 8K filing here.

NuZee Company Profile

NuZee, Inc, together with its subsidiaries, manufactures, packs, and sells single-serve pour-over coffee and tea bag-style coffee for coffee roasters and food service companies in North America and South Korea. The company sells its products under Coffee Blenders, Twin Peaks, DRIPKIT, and Stone Brewing brand names.