Yerbaé Brands Corp., a plant-based energy beverage company, has successfully closed the second tranche of its celebrity investment round, raising an additional $412,352. This brings the total proceeds from the offering, including the first tranche, to $4,474,273. In total, the company issued 2,444,958 units at a price of $1.83 per unit. Each unit consists of one common share and one common share purchase warrant, with the warrant entitling the holder to acquire an additional common share at a price of $2.15 for a period of 24 months.
The net proceeds from the offering will be used for increased production, working capital, and general corporate purposes. No finder’s fees were paid, and the securities issued are subject to a four-month hold period. More information on the initial tranche of the offering can be found in Yerbaé’s news release filed on SEDAR+ on August 21, 2023.