Barfresh Announces Non-Recourse Non-Dilutive Litigation Financing
Barfresh Food Group Inc. (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, has secured non-recourse non-dilutive litigation financing for its ongoing lawsuit. The company received multiple funding offers based on the merits of its legal case, which was filed on November 10, 2022. Barfresh has partnered with a well-known alternative asset investment firm and its litigation counsel, Boesch Law Group, to provide this financing.
Over the past two years, Barfresh has spent approximately $300,000 on this lawsuit, which has impacted its operating margins. The new financing arrangement eliminates the need for additional cash from the company to fund the pending lawsuit, potentially improving its financial position.
Barfresh Food Group Inc. (Nasdaq: BRFH), fornitore di bevande congelate pronte da mescolare e da bere, ha ottenuto un finanziamento per contenziosi non recuperabili e non diluitivi per la sua causa legale in corso. L'azienda ha ricevuto diverse offerte di finanziamento basate sui meriti del suo caso legale, presentato il 10 novembre 2022. Barfresh ha collaborato con una rinomata società di investimento in asset alternativi e il suo legale, Boesch Law Group, per fornire questo finanziamento.
Nell'ultimo biennio, Barfresh ha speso circa 300.000 dollari per questa causa, che ha impattato i suoi margini operativi. Il nuovo accordo di finanziamento elimina la necessità di ulteriore liquidità da parte dell'azienda per finanziare la causa pendente, migliorando potenzialmente la sua posizione finanziaria.
Barfresh Food Group Inc. (Nasdaq: BRFH), proveedor de bebidas congeladas listas para mezclar y beber, ha asegurado un financiamiento para litigios sin recurso y no dilutivo para su demanda en curso. La empresa recibió múltiples ofertas de financiamiento basadas en los méritos de su caso legal, que fue presentado el 10 de noviembre de 2022. Barfresh se ha asociado con una reconocida firma de inversión en activos alternativos y su abogado, Boesch Law Group, para proporcionar este financiamiento.
En los últimos dos años, Barfresh ha gastado aproximadamente 300,000 dólares en esta demanda, lo que ha afectado sus márgenes operativos. El nuevo acuerdo de financiamiento elimina la necesidad de efectivo adicional por parte de la empresa para financiar la demanda pendiente, mejorando potencialmente su posición financiera.
Barfresh Food Group Inc. (Nasdaq: BRFH)는 혼합 및 음용하기 위해 얼린 음료를 제공하는 회사로, 현재의 소송을 위한 회수 불가능하고 희석되지 않는 소송 금융을 확보했습니다. 이 회사는 2022년 11월 10일에 제기된 법적 사건의 장점을 바탕으로 여러 차례의 자금 지원 제안을 받았습니다. Barfresh는 잘 알려진 대체 자산 투자 회사와 법률 고문인 Boesch Law Group과 협력하여 이 자금을 마련했습니다.
지난 2년 동안 Barfresh는 이 소송에 약 30만 달러를 지출했으며, 이는 운영 마진에 영향을 미쳤습니다. 새로운 자금 조달 계약은 회사가 진행 중인 소송을 위한 추가 현금 필요성을 없애어 잠재적으로 재정 상태를 개선할 수 있게 합니다.
Barfresh Food Group Inc. (Nasdaq: BRFH), fournisseur de boissons congelées prêtes à mélanger et à boire, a sécurisé un financement de litige non recours et non dilutif pour sa poursuite en cours. L'entreprise a reçu plusieurs propositions de financement fondées sur les mérites de son affaire juridique, qui a été déposée le 10 novembre 2022. Barfresh a établi un partenariat avec une société d'investissement en actifs alternatifs bien connue et son avocat, Boesch Law Group, pour fournir ce financement.
Au cours des deux dernières années, Barfresh a dépensé environ 300 000 dollars dans ce procès, ce qui a eu un impact sur ses marges opérationnelles. Le nouvel accord de financement élimine la nécessité de liquidités supplémentaires de la part de l'entreprise pour financer la poursuite en cours, améliorant potentiellement sa position financière.
Barfresh Food Group Inc. (Nasdaq: BRFH), Anbieter von gefrorenen, sofort mischbaren und trinkfertigen Getränken, hat sich eine nicht rückzahlbare und nicht verwässernde Rechtsfinanzierung für seine laufende Klage gesichert. Das Unternehmen erhielt mehrere Finanzierungsangebote basierend auf den Verdiensten seines Rechtsfalles, der am 10. November 2022 eingereicht wurde. Barfresh hat sich mit einer bekannten Alternative-Asset-Investmentfirma und seinem Rechtsbeistand, Boesch Law Group, zusammengetan, um diese Finanzierung bereitzustellen.
In den letzten zwei Jahren hat Barfresh etwa 300.000 Dollar für diese Klage ausgegeben, was seine Betriebsmargen beeinträchtigt hat. Die neue Finanzierungsvereinbarung beseitigt die Notwendigkeit zusätzlicher Mittel von Seiten des Unternehmens zur Finanzierung der anhängigen Klage und könnte potenziell seine finanzielle Lage verbessern.
- Secured non-recourse non-dilutive litigation financing
- Received multiple funding offers based on case merits
- Eliminates need for additional company cash to fund lawsuit
- Potential improvement in operating margins
- Spent $300,000 over past two years on lawsuit
- Operating margins affected by legal expenses
Insights
The announcement of non-recourse, non-dilutive litigation financing for Barfresh is a strategic move with positive implications. This type of financing allows the company to pursue its legal case without further financial burden or equity dilution. The fact that multiple offers were received suggests strong confidence in the lawsuit's merits. By eliminating the need for additional cash outlay, Barfresh can now redirect resources to core operations, potentially improving its financial position. However, investors should note that while this arrangement mitigates financial risk, the outcome of the lawsuit remains uncertain. The
This financing deal is a positive development for Barfresh's financial health. By securing non-recourse funding, the company effectively transfers the financial risk of the lawsuit to the investment firm. This arrangement should improve cash flow and protect the balance sheet from potential legal expenses. The
Based on Merits of the Case, Company Received Multiple Offers to Fund Lawsuit Filed on November 10, 2022
LOS ANGELES, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Barfresh Food Group Inc. (the “Company” or “Barfresh”) (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, received multiple offers to fund its lawsuit on a non-recourse non-dilutive basis based on the merits of its legal case. The Company entered into an agreement with a well-known alternative asset investment firm and the Company’s litigation counsel, Boesch Law Group, to provide non-recourse non-dilutive litigation financing. Barfresh has spent approximately
About Barfresh Food Group
Barfresh Food Group Inc. (Nasdaq: BRFH) is a developer, manufacturer and distributor of ready-to-blend and ready-to-drink beverages, including smoothies, shakes and frappes, primarily for the education market, foodservice industry and restaurant chains, delivered as fully prepared individual portions or single serving and bulk formats for on-site preparation. The Company’s single serving, on-site prepared product utilizes a proprietary, patented system that uses portion-controlled pre-packaged beverage ingredients, delivering a freshly made frozen beverage that is quick, cost efficient, better for you and without waste. For more information, please visit www.barfresh.com.
Forward Looking Statements
Except for historical information herein, matters set forth in this press release are forward-looking, including statements about the Company’s commercial progress, success of its strategic relationship(s), and projections of future financial performance. These forward-looking statements are identified by the use of words such as “grow”, “expand”, “anticipate”, “intend”, “estimate”, “believe”, “expect”, “plan”, “should”, “hypothetical”, “potential”, “forecast” and “project”, “continue,” “could,” “may,” “predict,” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the Company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The contents of this release should be considered in conjunction with the Company’s recent filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including any warnings, risk factors and cautionary statements contained therein. Furthermore, the Company expressly disclaims any current intention to update publicly any forward-looking statements after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.
Investor Relations
John Mills
ICR
646-277-1254
John.Mills@icrinc.com
Deirdre Thomson
ICR
646-277-1283
Deirdre.Thomson@icrinc.com
FAQ
What type of financing did Barfresh Food Group (BRFH) secure for its lawsuit?
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