NuZee Inc NUZE shares are trading lower by 46% to $2.77 since the close of Tuesday's session after the company priced a $1.275 million underwritten public offering of 425,000 shares of its common stock at a public offering price of $3.00 per share.
Maxim Group LLC is the exclusive book-running manager for the offering, and there is a 45-day option for the underwriter to buy an additional 63,750 shares at the same price.
The public offering is anticipated to close around October 20, pending customary closing conditions.
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According to data from Benzinga Pro, NuZee has a 52-week high of $21.35 and a 52-week low of $2.61.
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