Nuzee, Inc. (NUZE) Prices 700K Share Common Offering at $9/Sh

NuZee, Inc. (NASDAQ: NUZE) announced today the pricing of an underwritten public offering (the "Offering") of 700,000 shares of its common stock (the "Shares"), at a price to the public of $9.00 per share. The net proceeds from the Offering, after deducting underwriting discounts and commissions and estimated Offering expenses payable by NuZee, are expected to be approximately $5.3 million. In addition, NuZee has granted the underwriters a 45-day option to purchase up to 105,000 additional shares of NuZee's common stock at the same initial price to the public less underwriting discounts and commissions, and on the same terms and conditions, to cover over-allotments, if any.

NuZee's common stock is expected to begin trading on the NASDAQ Capital Market under the symbol "NUZE." The Offering is expected to close on June 23, 2020, subject to the satisfaction of customary closing conditions.

The Benchmark Company, LLC is acting as sole book-running manager for the Offering.

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