New Age Beverages (NASDAQ:NBEV) prices a 12.9M share offering at $3.50 per share. The offering is expected to close on November 13.
The company says it plans to use the proceeds for working capital and potential acquisitions.
Shares of NBEV are down 22.83% to $3.60 in premarket trading.
Previously: New Age Beverages -7% on report of share offering (Nov. 8)
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