Westrock Coffee closes $118.8M PIPE, issues 11.88M shares at $10; grants board seat to HF Investor

Westrock Coffee Co

Closed PIPE investments and preemptive rights exercise; aggregate 11.88M shares issued at $10/share for total gross proceeds of $118.8M.
HF Direct Investments Pool (affiliate of Herbert Hunt family) receives right to designate one director to Class II board as long as it holds ≥5% of capital stock.
BBH Stockholders exercised preemptive rights, purchased approx. 1.88M shares at $10 each.
Shares issued in reliance on Rule 506(b) of Regulation D, exempt from registration under Securities Act.

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