Buda Juice, Inc. announced the pricing of its initial public offering of 2,666,667 shares of common stock at $7.50 per share.
The total gross proceeds to the company from the offering amount to $20,000,000 before deducting underwriting discounts and offering expenses.
The company granted a 45-day option to the underwriter to purchase up to 400,000 additional shares.
IPO Details
Initial public offering of 2,666,667 shares at $7.50 per share for a total of $20,000,000.
Underwriter
MDB Capital acted as the underwriter for the offering.
Purpose of Proceeds
Net proceeds from the offering will be used to develop production plants, expand capacity, support marketing, and provide working capital.
- Buda Juice aims to further its mission in grocery stores with the support of consumers, customers, and investors.
- The offering is expected to enhance the company's production capabilities and market presence.
- The CEO highlighted the significance of the IPO in advancing the UltraFresh™ juice category.
The successful pricing of the IPO signifies a milestone for Buda Juice's growth and market expansion plans.