The Vita Coco Company, Inc. Announces Secondary Offering of Common Stock
06 Novembre 2023 - 10:37PM
The Vita Coco Company, Inc. (“
Vita Coco Company”
or the “
Company”) (Nasdaq: COCO), a leading
high-growth platform of better-for-you beverage brands, today
announced the launch of an underwritten secondary offering (the
“
Offering”) by Verlinvest Beverages SA (the
“
Selling Stockholder”) of 4,000,000 shares of the
Company’s common stock (“
Common Stock”).
The Selling Stockholder will receive all of the
proceeds from the Offering. The Company is not selling any shares
of Common Stock in the Offering and will not receive any proceeds
from the Offering.
BofA Securities is acting as the sole
underwriter of the Offering.
The underwriter proposes to offer the shares of Common Stock
from time to time for sale in one or more transactions on the
Nasdaq, in the over-the-counter market, through negotiated
transactions or otherwise at market prices prevailing at the time
of sale, at prices related to prevailing market prices or at
negotiated prices.
The Offering is being made pursuant to an
effective shelf registration statement (including a prospectus)
filed by the Company with the U.S. Securities and Exchange
Commission (“SEC”) to which this communication
relates. Before you invest, you should read the prospectus in the
shelf registration statement and other documents the Company has
filed with the SEC for more complete information about the Company
and the Offering. The Offering will be made only by means of a free
writing prospectus, a prospectus and a related prospectus
supplement relating to the Offering, copies of which may be
obtained from BofA Securities, Attention: Prospectus Department,
NC1-022-02-25, 201 North Tryon, Charlotte, North Carolina
28255-0001, or by email at dg.prospectus_requests@bofa.com. A copy
of the free writing prospectus, the prospectus and the related
prospectus supplement relating to the Offering may also be obtained
free of charge by visiting EDGAR on the SEC’s website at
www.sec.gov.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Cautionary Note Concerning Forward
Looking StatementsThis press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended. All statements other than
statements of historical facts contained in this press release may
be forward-looking statements, including statements regarding the
expected sale of Common Stock by the Selling Stockholder in the
Offering. In some cases, you can identify forward-looking
statements by terms such as “may,” “will,” “should,” “expects,”
“plans,” “anticipates,” “could,” “intends,” “targets,” “projects,”
“contemplates,” “believes,” “estimates,” “forecasts,” “predicts,”
“potential” or “continue” or the negative of these terms or other
similar expressions. The forward-looking statements contained in
this press release are only predictions. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we
believe may affect our business, financial condition and results of
operations. Forward-looking statements involve known and unknown
risks, uncertainties, assumptions and other important factors that
may cause our actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements, including, but not limited to, the important factors
discussed under the caption “Risk Factors” in the prospectus
supplement related to the Offering that the Company intends to
file, the important factors incorporated by reference to our most
recent Annual Report on Form 10-K, our most recent Quarterly Report
on Form 10-Q and any other Quarterly Reports on Form 10-Q or
Current Reports on Form 8-K we file after the date of this press
release, and all other information contained or incorporated by
reference into the prospectus in the registration statement and the
documents incorporated by reference in that registration statement,
as well as the prospectus supplement related to the Offering that
the Company intends to file and the documents incorporated by
reference therein, that may cause our actual results, performance
or achievements to differ materially and adversely from those
expressed or implied by the forward-looking statements. The
forward-looking statements contained in this press release are
based upon information available to us as of the date of this press
release, and while we believe such information forms a reasonable
basis for such statements, such information may be limited or
incomplete, and our statements should not be read to indicate that
we have conducted an exhaustive inquiry into, or review of, all
potentially available relevant information. These statements are
inherently uncertain and investors are cautioned not to unduly rely
upon these statements. We qualify all of our forward-looking
statements by these cautionary statements. These forward-looking
statements speak only as of the date of this press release. Except
as required by applicable law, we do not plan to publicly update or
revise any forward-looking statements contained in this press
release whether as a result of any new information, future events
or otherwise.
About The Vita Coco
CompanyThe Vita Coco Company was co-founded in 2004 by
Chairman Michael Kirban and Ira Liran. Pioneers in the functional
beverage category, The Vita Coco Company’s brands include the
leading coconut water, Vita Coco; clean energy drink Runa;
sustainable enhanced water, Ever & Ever; and protein-infused
water, PWR LIFT. With its ability to harness the power of people
and plants, while balancing purpose and profit, The Vita Coco
Company has created a modern beverage platform built for current
and future generations.
The company is a Public Benefit Corporation in
Delaware and is a Certified B Corporation.™
About VerlinvestVerlinvest is
an international, family-backed evergreen investment company. It
identifies inflection points in consumer behaviors and partners
with the businesses that are driving these consumer revolutions
forward while having a positive impact. Established in 1995, with
offices in Brussels, London, New York, Mumbai, and Singapore,
Verlinvest focuses on the FMCG, health, consumer technology and
lifestyle categories, investing across three strategies: Platform,
Growth and Venture. Its portfolio includes the likes of Oatly, Vita
Coco, Tony’s Chocolonely, Bludental and Toluna, alongside alumni
Chewy.com, Vitaminwater and Remy Cointreau.
Investor Contact:ICR,
Inc.investors@thevitacococompany.com
Media Contact:Tim
Biba203-428-3222tbiba@soleburystrat.com
Grafico Azioni Vita Coco (NASDAQ:COCO)
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