Sow Good Announces Exercise of Overallotment Option from Public Offering
10 5월 2024 - 5:00AM
Sow Good Inc. (Nasdaq: SOWG) (“Sow Good” or “the Company”), a
trailblazer in the freeze dried candy and treat industry, announced
that the underwriters of its recently completed public offering of
common stock have purchased 180,000 shares of its common stock upon
full exercise of their option to purchase additional shares of
common stock to cover over-allotments at the initial offering price
of $10.00 per share.
Including proceeds from the sale of additional
shares, the offering yielded approximately $13.8 million in gross
proceeds before offering expenses and underwriting discounts and
commissions.
Roth Capital Partners acted as sole book-running
manager for the offering. Craig-Hallum is acted as the co-manager
for the offering.
A registration statement on Form S-1 relating to
these securities was declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) on May 1, 2024. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The proposed offering will be made only by means
of a prospectus. The prospectus was filed with the Securities and
Exchange Commission and copies may be obtained from Roth Capital
Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA
92660, (800) 678-9147 or by accessing the SEC’s website,
www.sec.gov.
Forward-Looking Statements
This press release contains forward-looking
statements. Statements other than statements of historical facts
contained in this press release may be forward-looking statements.
Statements regarding our future financial position, business
strategy and plans and objectives of management for future
operations, including, among others, statements regarding the
offering, expected growth, and future capital expenditures, are
forward-looking statements. In some cases, you can identify
forward-looking statements by terms such as “estimate,” “project,”
“predict,” “believe,” “expect,” “anticipate,” “target,” “plan,”
“intend,” “seek,” “goal,” “will,” “should,” “may” or other words
and similar expressions that convey the uncertainty of future
events or outcomes. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, performance or achievements to be materially and
adversely different from any future results, performance or
achievements expressed or implied by the forward-looking
statements, including, without limitation, risks and uncertainties
related to market conditions, the risk that the proposed public
offering will not be consummated on the terms or in the amounts
contemplated or otherwise, and the satisfaction of customary
closing conditions related to the proposed public offering, as well
as those risks described under “Risk Factors” in the prospectus
related to the proposed offering and in the Company’s annual report
on Form 10-K for the year ended December 31, 2023, as well as the
Company’s other subsequent filings with the SEC. All information
provided in this release is as of the date hereof and we undertake
no duty to update this information except as required by law.
About Sow Good Inc. Sow Good Inc.
is a trailblazing U.S.-based freeze dried candy and snack
manufacturer dedicated to providing consumers with innovative and
explosively flavorful freeze dried treats. Sow Good has harnessed
the power of our proprietary freeze-drying technology and
product-specialized manufacturing facility to transform traditional
candy into a novel and exciting everyday confectionaries
subcategory that we call freeze dried candy. Sow Good is dedicated
to building a company that creates good experiences for our
customers and growth for our investors and employees through our
core pillars: (i) innovation; (ii) scalability; (iii) manufacturing
excellence; (iv) meaningful employment opportunities; and (v) food
quality standards.
Sow Good Investor Inquiries:
Cody Slach or Jackie Keshner Gateway Group, Inc. 1-949-574-3860
SOWG@gateway-grp.com
Sow Good Media Inquiries: Sow
Good, Inc. 1-214-623-6055 pr@sowginc.com
Sow Good (NASDAQ:SOWG)
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