FAQ on Better Choice Company's $5M Public Offering

What is the main purpose of Better Choice Company’s public offering?

The main purpose of the public offering is to raise approximately $5 million for general corporate purposes, including working capital, sales and marketing, and operating expenses.

How much did Better Choice Company raise from the public offering?

Better Choice Company raised gross proceeds of approximately $5 million, before underwriting discounts and offering expenses were deducted.

What was included in the public offering?

The offering consisted of 639,000 shares of common stock and prefunded warrants to purchase 1,028,000 shares of its common stock, each sold at $3 per share.

Who managed the public offering for Better Choice Company?

ThinkEquity acted as the sole book-running manager for the offering.

What does Better Choice Company specialize in?

Better Choice Company is a pet health and wellness company focused on providing alternative, nutrition-based pet products and services to help dogs and cats live healthier, happier, and longer lives.

Where can I find more information about Better Choice Company?

For more information about Better Choice Company, please visit www.BetterChoiceCompany.com.

What are the terms of the underwriters’ option in the public offering?

Better Choice granted the underwriters a 45-day option to purchase up to an additional 100,000 shares of common stock and/or prefunded warrants at the public offering price less the underwriting discount.

Why is this public offering significant for Better Choice Company?

This public offering is significant as it provides Better Choice Company with the necessary funds to support its growth initiatives, including expanding its sales and marketing efforts and covering operating expenses.