Not intended for distribution to or dissemination within the United States.
SCOTTSDALE, Ariz., Nov. 15, 2023 (Globe Newswire) — Yerbaé Brands Corp. (TSXV: YERB.U; OTCQX: YERBF) (“Jelbe” or “companyRaymond James Co., a plant-based energy drinks companyraymond james“) and Echelon Wealth Partners Inc. (“echelon“, with Raymond James,”co-lead agent'') on behalf of a syndicate of agents (collectively, “'') as co-lead agents and joint bookrunners.Agent”), will conduct a private placement on a commercially reasonable “best efforts” agency basis to raise gross proceeds of up to US$5 million through the issuance of our special warrants (“”)special warrant“) price (“Issue price”) will be determined depending on market conditions (“Recruitment“). Football superstar New York Jets quarterback Aaron Rodgers is serving the lead order.
We provide our distributors with options (“Agent options”) Up to 15% of the Special Warrants sold under the Offering may be sold at the Issue Price and may be exercised in whole or in part by the Agent up to 48 hours prior to the Closing Date at any time during the 30-day period. From the end of the offering.
Each special stock acquisition right shall be granted to the holder for one share of the Company's common stock (eachUnderlying asset share“, and collectively”underlying stock”), no additional consideration is required.Qualification dateThe earlier of (a) four months and one day after the fiscal year end; and (b) three business days after (i) a receipt for the final short-term prospectus is issued by the instrument. state regulators, (“''Jurisdiction covered(ii) a receipt for the final base issue prospectus will be issued by the securities regulatory authority in each eligible jurisdiction; or (iii) the filing of a supplementary prospectus in each eligible jurisdiction. The Underlying Shares will be eligible for distribution after a receipt for the final shortened prospectus has been issued by the competent securities regulator. or the final base offering prospectus and shall file a prospectus supplement qualifying the Underlying Shares for distribution in each covered jurisdiction by January 31, 2024 ( “Penalties”) Date” Upon exercise, the Holder is entitled to receive 1.1 Underlying Shares without further payment by the Holder (the “Penalty Provision”).
Net proceeds from this offering will be used for Yerbaé's continued expansion through product innovation, distribution growth and marketing strategies, as well as working capital and general corporate purposes.
This offering is expected to close on or about December 5, 2023, or such other date as may be agreed upon by the Joint Lead Agents on behalf of the Company and the Agents (“Closing date”), certain conditions apply, including, without limitation, receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended. “U.S. Securities Law””) or pursuant to U.S. state securities laws and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with any applicable exemption requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States, nor does it constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. shall not be sold.
About Jerbe
Founded in 2017 by Todd and Carey Gibson, Yerbe Brands Corporation (TSX-V: YERB.U; OTCQX: YERBF) is expanding into the energy drinks market with delicious, plant-based, zero-sugar, zero-calorie beverages. is bringing innovation to. Ingredients designed to meet the needs of health-conscious consumers. Harnessing the power of nature, Yabe's famous ingredient (mate) produces 196 vitamins, minerals and nutrients, and is also known to produce caffeine.
By combining the South American herb Yerba mate with its premium ingredients and flavors, Yerbe offers consumers an energy solution without compromise. All Yerbaé energy drinks are zero calorie, zero sugar, non-GMO, and gluten-free.
Find @DrinkYerbaé on Instagram, Facebook, Twitter/X, TikTok or visit us online at https://Yerbaé.com.
If you want to know more, join Yerbaé's mailing list to receive important updates and offers. Visit Yerbaé.com.
Disclaimer regarding forward-looking information
This news release contains forward-looking statements about the Company. Statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations or intentions regarding the future, including: Statements regarding special warrants, anticipated lead orders, anticipated use of proceeds of the offering, approval from the TSX Venture Exchange and completion of the offering, and final short form prospectus and final base shelf filings for the applicable securities. File a prospectus or prospectus supplement with the regulatory authorities and obtain a receipt of the final abbreviated prospectus or final base prospectus, as appropriate.
Forward-looking statements are based on assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control and may cause actual results to differ from those disclosed or implied in such forward-looking statements. The results may differ significantly from the actual results. Important assumptions supporting these forward-looking statements include, among other things, that the Company will receive the necessary approvals for the offering from the TSX Venture Exchange. We will receive receipt of the final short-term prospectus or final base prospectus, as applicable. Demand for our products will continue to grow. our ability to maintain or increase the historical production capacity of our co-packing facilities; Increased production capacity through the introduction of new production facilities, new co-packing machines and new technology. An increase in the number of products available for sale to retailers and consumers. anticipated geographic expansion by national retailers of our products; Our intermediaries and distributors will continue to sell our products and will have priority. The production of our products will not be interrupted. No product recalls due to unintentional contamination or other adverse events related to our products. Additionally, the Company will have access to additional capital to meet growing demand and to meet capital expenditure requirements necessary to increase production and support sales activities. Actual results may differ from those anticipated in the forward-looking statements due to a variety of factors. Such factors include government regulations in place regarding the manufacture and sale of energy drinks. the fact that consumers are unable to accept or purchase our products; An increase in the number of competitors selling energy drinks would reduce our sales. the fact that the Company does not own or operate its production facilities and that its co-packers may not be able to renew their current contracts and/or meet increased production quotas; potential supply chain interruptions due to factors beyond our control; the fact that the cost and/or shortage of raw materials and/or ingredients and/or fuel and/or the cost of co-packing may increase; The fact that products can be recalled due to unintentional contamination. the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not accept energy drink products as expected or at all; the extent to which we are successful in acquiring new long-term relationships with new retailers and maintaining existing relationships with retailers, intermediaries and distributors; our ability to obtain additional financing necessary to continue our operations, planned capital expansion and sales activities; competitive and market conditions in the industries in which we operate;
These forward-looking statements are made as of the date of this news and the Company assumes no obligation to update the forward-looking statements or to confirm that actual results do not match those predicted in the forward-looking statements, except as follows: We assume no obligation to update the reasons why it may differ. As required by applicable law, including U.S. and Canadian securities laws.
Although we believe that any beliefs, plans, expectations or intentions contained in this presentation are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Readers should refer to all information contained herein. You should also refer to the risk factor disclosures outlined in detail under “Risk Factors” in our Annual Information Form dated September 25, 2023, available on SEDAR+ (www.sedarplus.ca) .
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
contact address
For media inquiries, please contact kkutz@yerbae.com
If you are an investor, please contact us at investors@yerbae.com or 480.471.8391.
