other material
confidence high
sentiment neutral
materiality 0.60
BBH Stockholders exercise preemptive rights, purchase 1.88M shares at $10 each for ~$18.8M
Westrock Coffee Co
- BBH Stockholders exercised preemptive rights to purchase ~1.88 million common shares at $10.00/share.
- Westrock Coffee receives aggregate gross proceeds of approximately $18.8 million from the BBH Investment.
- Issuance is exempt from SEC registration under Rule 506(b) of Regulation D.
- The BBH Investment is subject to customary closing conditions.
- Previous subscription agreements with HF Direct Investments and Arkansas Teacher Retirement System for 10M shares at $10 each remain subject to closing.