Better Choice Announces Offering of Common Shares Along with an Increase in Listing on the U.S. Stock Exchange NYSE
Receive instant alerts for news on your actions. Claim your 1-week free trial for Street Insider Premium here.
NEW YORK, June 16, 2021 (GLOBE NEWSWIRE) – Better Choice Company (OTCQX: BTTR) (“Better Choice”), an animal health and welfare company, today announced its intention to list 4 500,000 ordinary shares as part of a subscribed public offer, after giving effect to the 1 for 6 consolidation of shares proposed by the Company. In addition, the Company plans to grant the underwriter a 30-day option to purchase up to an additional 15 percent of the common shares offered under the public offering only to cover over-allotments, if any. The Company intends to use the net proceeds of this offering for working capital and general corporate purposes. The Company may use part of the net proceeds to acquire complementary assets, products or businesses; however, the Company currently has no agreement or commitment to complete such an acquisition. The offer is subject to market conditions and there can be no assurance as to whether or when the offer can be made, or as to the size or actual conditions of the offer. The Company has applied to list its common shares on NYSE American under the symbol “BTTR”.
DA Davidson & Co. acts as the sole accounting manager of the offering. Roth Capital Partners acts as the leader of the offering.
This offer is made in accordance with a registration statement on Form S-1 (File No. 333-256405) previously filed with the United States Securities and Exchange Commission (“SEC”), which has not yet been entered. in force. These securities cannot be sold and offers to buy cannot be accepted before the entry into force of the registration statement. A final prospectus outlining the terms of the proposed offer will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov.
Electronic copies of the prospectus can be obtained by contacting DA Davidson & Co., Attention: Equity Syndicate, 8 Third Street North, Great Falls, MT 59401, (800) 332-5915, [email protected] Before investing in this offering, interested parties should read the entire prospectus and other documents that the Company has filed with the SEC which are incorporated by reference in the prospectus, which provide more information about the Company and this offer.
This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Better Choice Company, Inc.
Better Choice Company Inc. is a growing animal health and welfare company committed to leading the industry shift towards pet products and services that help dogs and cats live healthy lives. better health, happier and longer. We take an alternative and nutrition-based approach to animal health to conventional dog and cat food offerings and position our brand portfolio to benefit from the prevailing trends in the growing humanization of companion animals and emphasis. by consumers on health and wellness. We have a proven track record of decades of successful selling trusted animal health and welfare products and leverage our established digital footprint to provide pet parents with the knowledge to make informed decisions. concerning the health of their pets. We sell the majority of our dog food, cat food and treats under the Halo and TruDog brands, which focus, respectively, on providing sustainably sourced kibble and canned foods derived from real whole meat and raw and minimally processed dog food and treats. For more information, please visit https://www.betterchoicecompany.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “may”, “estimate”, “continue”, “anticipate”, “intend”, “Should,”, “s The Company has based these forward-looking statements in large part on our current expectations and projections regarding future events and financial trends that we believe could affect our financial condition, results of operations, and strategy. business and financial needs.No guarantee can be given that the offer discussed above will be carried out on the terms described, or not at all, or that the proceeds of the offer will be used as indicated. Some or all of the results anticipated by these forward-looking statements may not be expected. dyed. Further information on the Company’s risk factors is contained in our filings with the SEC. Any forward-looking statements we make here speak only as of the date on which they are made. Factors or events that could cause our actual results to vary may occur from time to time and we cannot predict all of them. The Company assumes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Company details :
Better Choice Company, Inc. Scott Lerner, CEO
KCSA Strategic CommunicationsValter Pinto, Managing Director PH: 212-896-1254[email protected]
Source: Better Choice Company, Inc.