Business
Sow Good Secures $20 Million Non-Convertible Private Placement Credit Facility to Fund Critical Minerals Strategy
Flexible $20 million facility provides non-dilutive, non-convertible working capital to support the proposed Nachu Graphite acquisition and Sow Good's transition to a critical minerals and battery anode developerIRVING, Texas, May 05, 2026 (GLOBE NEWSWIRE) -- Sow Good Inc. (Nasdaq: SOWG) (“Sow Good” or the “Company”), today announced that it has executed a term sheet for a $20 million Line of Credit (the “Facility”) on a private placement basis with Sagol Advisors, a New York based institutional
About this update from Sow Good Inc.
Flexible $20 million facility provides non-dilutive, non-convertible working capital to support the proposed Nachu Graphite acquisition and Sow Good's transition to a critical minerals and battery anode developer IRVING, Texas, May 05, 2026 (GLOBE NEWSWIRE) -- Sow Good Inc. (Nasdaq: SOWG) (“Sow Good” or the “Company”), today announced that it has executed a term sheet for a $20 million Line of Credit (the “Facility”) on a private placement basis with Sagol Advisors, a New York based institutional investment manager. The Facility is subject to the negotiation and execution of definitive credit documentation and will provide working capital as the Company advances its proposed acquisition of the Nachu Graphite Project in Tanzania and its broader transition into critical minerals and battery anode materials. Key Points Why This Matters In April 2026, Sow Good announced a proposed acquisition of the Nachu Graphite Project, an advanced-stage graphite development asset in southern Tanzania. If completed, that transaction would position Sow Good as a critical minerals and battery anode developer. The proposed transaction comes amid heightened focus on U.S. domestic supply chains for EV and energy storage materials. The Facility provides working capital runway to execute that transition. Management Commentary In connection with the Facility, Sam Goldberg, Chief Executive Officer of Sow Good commented: “This facility gives us the financial flexibility to execute our critical minerals strategy on our timeline, not the market's. With $20 million of committed capital available as we need it, we can advance the proposed Nachu acquisition and our broader transition with confidence.” About Sow Good Inc. Sow Good Inc. (Nasdaq: SOWG) is a U.S.-based company headquartered in Irving, Texas. The Company manufactures and markets freeze-dried candy and snack products under its Sow Good brand, sold through wholesale, retail, and direct-to-consumer channels in the United States. In April 2026, Sow Good announced a proposed acquisition of the Nachu Graphite Project, an advanced-stage graphite development asset in the Ruangwa District of southern Tanzania. If completed, this acquisition would position Sow Good as a critical minerals and battery anode developer, while continuing its consumer products operations as a separate segment. The proposed acquisition is subject to s...