Minim, Inc. (NASDAQ: MINM) (the “Company”) today announced the pricing of an underwritten public offering of 10,000,000 shares of the Company’s common stock at a public offering price of $2.50 per share for aggregate gross proceeds of approximately $22.7 million after deducting underwriting discounts, commissions, and other offering expenses. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares at the public offering price less the underwriting discounts and commissions. The offering is expected to close on or around August 2, 2021, subject to satisfaction of customary closing conditions.

The Company intends to use the net proceeds it receives from the offering for general corporate and working capital purposes, which may include inventory optimization, development and marketing of new product offerings and expansion into global markets.

B. Riley Securities is acting as the sole book-running manager and Northland Capital Markets is acting as co-manager for the offering.

The Securities and Exchange Commission (“SEC”) declared effective a registration statement on Form S-1 relating to these securities on July 28, 2021. A final prospectus relating to this offering will be filed with the SEC. The offering is being made only by means of a prospectus, copies of which may be obtained, when available, by contacting B. Riley Securities, Attention: Prospectus Department, 1300 17th St. North, Ste. 1300, Arlington, VA 22209, or by telephone at (703) 312-9580 or by email at [email protected].

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. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.