QualityStocksNewsBreaks – NewAge Inc. (NASDAQ: NBEV) Closes on $58M Private Placement
NewAge (NASDAQ: NBEV), a Colorado-based social selling and distribution company with a global network of independent brand partners and distributors, announced that it has closed a $58 million private placement. The placement was conducted with certain investors. According to the announcement, the placement included 14.6 million shares of common stock. The shares were offered a $3.96 per share purchase price, and each share also included a warrant allowing the holders of the shares to purchase up to 7.3 million additional shares. Those additional shares will be sold at $5 per share, which represents a 28% premium based on the most…
