Nogin Announces Closing of $22 Million Public Offering
Nogin Announces Closing of $22 Million Public Offering
TUSTIN, Calif., April 06, 2023 (GLOBE NEWSWIRE) -- Nogin, Inc. (Nasdaq: NOGN, NOGNW) ("Nogin" or the "Company"), a leading provider of innovative Commerce-as-a-Service (CaaS) technology and services, today announces the closing of its "reasonable best efforts" public offering of 7,333,334 shares of common stock and 7,333,334 common warrants to purchase 7,333,334 shares of common stock at a combined price of $3.00 per share and common warrant for aggregate gross proceeds of approximately $22 million, before deducting placement agent fees and other offering expenses.
加利福尼亞州塔斯汀,2023 年 4 月 6 日(GLOBE NEWSWIRE)— 諾金, Inc. (納斯達克:NOGN、NOGNW) (“Nogin” 或 “公司”)一家領先的商業即服務(CaaS)創新技術和服務提供商,今天宣佈完成對7,333,334股普通股和7,333,334份普通股認股權證的 “合理努力” 公開發行,以每股3.00美元的合併價格購買7,333,334股普通股和普通認股權證,總收益約爲2200萬美元,扣除配售代理費和其他發行費用。
The offering included participation from members of the Company's management team, board of directors, and other insiders and friends of the Company totaling $7.5 million. Of that amount, Jonathan Huberman, President, Chief Executive Officer and Chairman of the Board, invested $3 million in the offering, while Shahriyar Rahmati, Chief Operating Officer and Chief Financial Officer, invested $600,000 in the offering. In addition, the offering included participation from holders of the Company's convertible notes totaling $1 million.
此次發行包括公司管理團隊成員、董事會成員以及公司其他內部人士和朋友的參與,總額爲750萬美元。其中,總裁、首席執行官兼董事會主席喬納森·胡伯曼在發行中投資了300萬美元,而首席運營官兼首席財務官沙赫里亞爾·拉赫馬蒂在這次發行中投資了60萬美元。此外,此次發行還包括公司總額爲100萬美元的可轉換票據持有人的參與。
"We believe this additional capital will provide the fuel to grow our business aggressively for the foreseeable future, as well as enable us to reach our goal of EBITDA profitability in the third quarter of 2023," said Mr. Huberman. "As we continue striving to revolutionize how brands manage ecommerce, we are pleased with our current operating liquidity and are very excited about our future."
胡伯曼說:“我們相信,這筆額外資本將爲我們在可預見的將來積極發展業務提供動力,並使我們能夠在2023年第三季度實現息稅折舊攤銷前利潤盈利的目標。”“在我們繼續努力徹底改變品牌管理電子商務的方式的同時,我們對目前的運營流動性感到滿意,也對我們的未來感到非常興奮。”
The Company intends to use the net proceeds from the offering to repurchase promissory notes from holders of its convertible notes pursuant to their put options and for general corporate purposes, including working capital.
公司打算將本次發行的淨收益用於根據可轉換票據持有人的看跌期權從可轉換票據持有人手中回購本票,並用於包括營運資金在內的一般公司用途。
A.G.P./Alliance Global Partners acted as the lead placement agent for the offering and Maxim Group LLC acted as a co-placement agent.
A.G.P./Alliance Global Partners擔任本次發行的首席配售代理人,Maxim Group LLC擔任聯合配售代理人。
The securities described above were offered pursuant to a registration statement on Form S-1 (File No. 333-269765) previously filed with the Securities and Exchange Commission (SEC) which became effective on April 3, 2023. The offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus, relating to the offering may be obtained on the SEC's website located at Electronic copies of the final prospectus relating to the offering may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.
上述證券是根據先前向美國證券交易委員會(SEC)提交的S-1表格(文件編號333-269765)的註冊聲明提供的,該聲明於2023年4月3日生效。本次發行僅通過構成有效註冊聲明一部分的招股說明書進行。與本次發行有關的最終招股說明書的副本可在美國證券交易委員會網站上獲得,該網站位於與本次發行有關的最終招股說明書的電子副本可以從位於紐約州麥迪遜大道590號的A.G.P./Alliance Global Partners獲得,也可以通過電話 (212) 624-2060,也可以發送電子郵件至 prospectus@allianceg.com。
This press release shall 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 other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
本新聞稿不構成出售要約或招攬購買這些證券的要約,也不得在根據任何此類州或其他司法管轄區的證券法進行註冊或資格認證之前,在任何州或其他司法管轄區出售這些證券是非法的。
About Nogin
Nogin (Nasdaq: NOGN, NOGNW), the Intelligent Commerce company, provides the world's leading enterprise-class ecommerce technology and services for brand leaders that need to deliver superior growth with predictable costs and an exceptional online experience. The Nogin Intelligent Commerce technology is a cloud-based ecommerce environment purpose-built for brands selling direct-to-consumer (D2C) and through online channel partners. Nogin frees its customers to focus on their brands while running as much or as little of the infrastructure as they choose. Founded in 2010, Nogin optimizes the entire ecommerce lifecycle for D2C brands, such as bebe, Brookstone, Hurley, and Kenneth Cole, achieving average growth of more than 40% in annual gross merchandise value (GMV) in the first year. To learn more, visit or follow us on LinkedIn and on Twitter at @Nogincommerce.
關於 Nogin
智能商務公司Nogin(納斯達克股票代碼:NOGN,NOGNW)爲需要以可預測的成本和卓越的在線體驗實現卓越增長的品牌領導者提供世界領先的企業級電子商務技術和服務。Nogin智能商務技術是一種基於雲的電子商務環境,專爲品牌直接面向消費者(D2C)和通過在線渠道合作伙伴進行銷售而構建。Nogin可以讓客戶騰出時間專注於自己的品牌,同時運行他們選擇的儘可能多或少的基礎架構。Nogin成立於2010年,優化了bebe、Brookstone、Hurley和Kenneth Cole等D2C品牌的整個電子商務生命週期,第一年的年商品總價值(GMV)平均增長了40%以上。要了解更多信息,請在 LinkedIn 和 Twitter 上訪問或關注我們,網址爲 @Nogincommerce。
Cautionary Statements Concerning Forward-Looking Statements
This release contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the development and adoption of the Company's platform. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "would," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward-looking information includes, but is not limited to, statements regarding the Company's timing for EBITDA profitability. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including the trading price and volatility of Nogin's common stock, Nogin's ability to come back into and maintain compliance with the minimum bid price and other continued listing requirements of the Nasdaq Stock Market LLC and risks relating to Nogin's business. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of our (i) Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on March 23, 2023 and (ii) other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. The Company does not give any assurance that it will achieve its expectations.
關於前瞻性陳述的警示性陳述
本新聞稿包含聯邦證券法所指的某些前瞻性陳述,包括有關公司平臺開發和採用的聲明。這些前瞻性陳述通常由 “相信”、“項目”、“期望”、“預期”、“估計”、“打算”、“戰略”、“未來”、“機會”、“計劃”、“可能”、“應該”、“將”、“會繼續”、“可能的結果” 等詞語來識別。前瞻性陳述是基於當前預期和假設的關於未來事件的預測、預測和其他陳述,因此受風險和不確定性的影響。前瞻性信息包括但不限於有關公司實現息稅折舊攤銷前利潤時機的陳述。許多因素可能導致未來的實際事件與本文件中的前瞻性陳述存在重大差異,包括諾金普通股的交易價格和波動性、諾金恢復並維持遵守納斯達克股票市場有限責任公司的最低買入價和其他持續上市要求的能力以及與諾金業務相關的風險。上述因素清單並不詳盡。您應仔細考慮上述因素以及我們(i)2023年3月23日向美國證券交易委員會(“SEC”)提交的10-K表年度報告的 “風險因素” 部分中描述的其他風險和不確定性,以及(ii)公司不時向美國證券交易委員會提交的其他文件。這些文件確定並解決了其他重要的風險和不確定性,這些風險和不確定性可能導致實際事件和結果與前瞻性陳述中包含的事件和結果存在重大差異。前瞻性陳述僅代表其發表之日。提醒讀者不要過分依賴前瞻性陳述,除非法律要求,包括美國證券法和美國證券交易委員會的規章制度,否則公司沒有義務更新或修改這些前瞻性陳述,無論是新信息、未來事件還是其他原因。該公司不保證會實現其預期。
Contacts
聯繫人
Media Contact:
BOCA Communications for Nogin
nogin@bocacommunications.com
媒體聯繫人:
Nogin 的 BOCA 通訊
nogin@bocacommunications.com
Nogin Investor Relations Contact:
Cody Slach and Tom Colton
Gateway Investor Relations
949-574-3860
nogin@gatewayir.com
Nogin 投資者關係聯繫人:
Cody Slach 和 Tom Colton
Gateway投資者關係
949-574-3860
nogin@gatewayir.com
譯文內容由第三人軟體翻譯。