Bravo Gets $20 Million In Private Equity Financing
Bravo Foods has just announced that they have entered into an agreement for just over $20 million of private equity financing.
According to their news release, “The net proceeds to the Company after payment of transaction expenses will be approximately $18.9 million. The Company also issued to the investors warrants to purchase up to an additional 15,187,500 shares of common stock exercisable at $.80 per share.”
The company will be using the cash to pay for marketing and production, redeeming 30+ million warrants, and paying the finder’s fee for their distribution agreement with Coca Cola.
