secwatch.observer — SEC 8-K summary
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Issuer:     Westrock Coffee Co (WEST)
CIK:        0001806347
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001104659-23-089131
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806347/000110465923089131/0001104659-23-089131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806347/000110465923089131/tm2323205d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-089131

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