Business
Sow Good Announces Exercise of Overallotment Option from Public Offering
IRVING, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- Sow Good Inc. (Nasdaq: SOWG) (“Sow Good” or “the Company”), a trailblazer in the freeze dried candy and treat
About this update from Sow Good Inc.
[{"type":"text","content":"IRVING, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- Sow Good Inc. (Nasdaq: SOWG) (“Sow Good” or “the Company”), a trailblazer in the freeze dried candy and treat industry, announced that the underwriters of its recently completed public offering of common stock have purchased 180,000 shares of its common stock upon full exercise of their option to purchase additional shares of common stock to cover over-allotments at the initial offering price of $10.00 per share. Including proceeds from the sale of additional shares, the offering yielded approximately $13.8 million in gross proceeds before offering expenses and underwriting discounts and commissions. Roth Capital Partners acted as sole book-running manager for the offering. Craig-Hallum is acted as the co-manager for the offering. A registration statement on Form S-1 relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 1, 2024. 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. The proposed offering will be made only by means of a prospectus. The prospectus was filed with the Securities and Exchange Commission and copies may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA 92660, (800) 678-9147 or by accessing the SEC’s website, www.sec.gov. Forward-Looking Statements This press release contains forward-looking statements. Statements other than statements of historical facts contained in this press release may be forward-looking statements. Statements regarding our future financial position, business strategy and plans and objectives of management for future operations, including, among others, statements regarding the offering, expected growth, and future capital expenditures, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future even...