NuZee enters underwriting agreement for $3.00/share offering, net proceeds ~$1.0M

CIMG Inc.

Underwritten public offering of 425,000 common shares at $3.00/share; underwriter has 45-day option for 63,750 additional shares.
Net proceeds expected ~$1.011M (without option) to ~$1.189M (if option fully exercised).
Underwriting agreement with Maxim Group LLC as sole book-runner; delivery expected Oct 20, 2023.
Company and insiders subject to 60-day lock-up on stock sales without underwriter consent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CIMG Inc. entered into Underwriting Agreement with Maxim Group LLC valued at approximately $1.011 million in net proceeds (effective 2023-10-18).

Action: entry
Agreement: underwriting
Counterparty: Maxim Group LLC
Value: approximately $1.011 million in net proceeds
Effective: 2023-10-18

Exact text from the filing

On October 18, 2023, NuZee, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Maxim Group LLC, as the sole book-running manager and underwriter (the “Underwriter”), relating to an underwritten public offering

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CIMG Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-037857

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