Happy Belly Food Group Signs Order for 4th Consecutive Above-Market Financing
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has announced a strategic non-brokered private placement offering of up to 333,3333 units at CAN$1.50 per unit, aiming to raise CAN$500,000. Each unit includes one common share and one warrant, with warrants exercisable at CAN$1.50 for 12 months.
This marks the company's fourth consecutive above-market financing, reflecting strong market support. The proceeds will be used for organic growth and future acquisitions. Happy Belly currently has 421 contractually committed retail locations across its portfolio brands, with multiple restaurants under construction and planned openings throughout 2024-2025.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) ha annunciato un'offerta strategica di collocamento privato non mediato fino a 333.333 unità a 1,50 CAD per unità, con l'obiettivo di raccogliere 500.000 CAD. Ogni unità include un'azione comune e un warrant, con warrant esercitabili a 1,50 CAD per 12 mesi.
Questo segna il quarto finanziamento consecutivo sopra il mercato per l'azienda, a testimonianza di un forte supporto del mercato. I proventi verranno utilizzati per la crescita organica e future acquisizioni. Happy Belly attualmente ha 421 punti vendita impegnati contrattualmente nelle sue marche, con diversi ristoranti in costruzione e aperture pianificate per il 2024-2025.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) ha anunciado una oferta privada de colocación no mediada de hasta 333,333 unidades a 1.50 CAD por unidad, con el objetivo de recaudar 500,000 CAD. Cada unidad incluye una acción común y un warrant, siendo los warrants ejercitables a 1.50 CAD durante 12 meses.
Este es el cuarto financiamiento consecutivo por encima del mercado para la empresa, lo que refleja un sólido apoyo del mercado. Los ingresos se utilizarán para el crecimiento orgánico y futuras adquisiciones. Happy Belly tiene actualmente 421 ubicaciones de venta al por menor comprometidas contractualmente en sus marcas, con múltiples restaurantes en construcción y aperturas planificadas para 2024-2025.
해피 벨리 푸드 그룹 (CSE: HBFG) (OTCQB: HBFGF)은 비중개 사모 펀드 방식으로 최대 333,333개 유닛을 CAD 1.50에 제공하는 전략적 공모를 발표하며, 총 500,000 CAD의 자금을 모금할 계획입니다. 각 유닛은 한 개의 보통주와 한 개의 워런트를 포함하며, 워런트는 12개월 동안 CAD 1.50에 행사할 수 있습니다.
이번은 회사의 네 번째 연속 고급 시장 자금 조달이며, 시장의 강한 지지를 반영합니다. 조달된 자금은 유기적 성장 및 향후 인수에 사용될 예정입니다. 해피 벨리는 현재 자사 브랜드에 대해 421개의 계약상 약정된 소매 위치를 가지고 있으며, 여러 레스토랑이 건설 중이고 2024-2025년 동안 개장이 계획되어 있습니다.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) a annoncé une offre de placement privé stratégique non placé de jusqu'à 333.333 unités à 1,50 CAD par unité, visant à lever 500.000 CAD. Chaque unité comprend une action ordinaire et un bon de souscription, ces derniers étant exerçables à 1,50 CAD pendant 12 mois.
Ceci marque le quatrième financement consécutif de l'entreprise au-dessus du marché, reflétant un fort soutien du marché. Les fonds seront utilisés pour la croissance organique et les futures acquisitions. Happy Belly a actuellement 421 points de vente contractualisés dans ses marques, avec plusieurs restaurants en construction et des ouvertures prévues tout au long de 2024-2025.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) hat eine strategische nicht vermittelte Privatplatzierung von bis zu 333.333 Einheiten zu je 1,50 CAD angekündigt, mit dem Ziel, 500.000 CAD zu beschaffen. Jede Einheit umfasst eine Stammaktie und ein Warrant, wobei die Warrants für 12 Monate zu 1,50 CAD ausgeübt werden können.
Dies ist die vierte aufeinanderfolgende Finanzierung über dem Markt für das Unternehmen, was die starke Unterstützung des Marktes widerspiegelt. Die Einnahmen werden für organisches Wachstum und zukünftige Akquisitionen verwendet. Happy Belly hat derzeit 421 vertraglich gebundene Einzelhandelsstandorte in seinem Portfolio, mit mehreren Restaurants im Bau und geplanten Eröffnungen im Jahr 2024-2025.
- Secured CAN$500,000 in strategic financing at market price
- Fourth consecutive above-market financing indicating strong investor confidence
- 421 contractually committed retail locations in development pipeline
- No broker or finder's fees required for the offering, reducing costs
- Share dilution through new unit issuance
- Four-month statutory hold period restricts immediate trading
Not for distribution to the U.S. newswire or for dissemination in the United States
Toronto, Ontario--(Newsfile Corp. - December 16, 2024) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is pleased to announce that it will proceed with a strategic non-brokered private placement of up to 333,3333 units of the Company (the "Units") at CAN
"I would like to thank our existing strategic investor for their continued investment and support of Happy Belly as we execute on our growth strategy focused on building a stable of emerging brands," said Sean Black, Chief Executive Officer of Happy Belly. "Receiving this kind of support and confidence in our plan as a company allows us to accelerate both our organic and inorganic growth in 2024-2025."
"This is our fourth consecutive above-market financing for Happy Belly which demonstrates the market support for this management team and our track record of consistent execution. With the support and confidence of shareholders alike, we plan to deliver real shareholder value as we grow Happy Belly."
Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
The Company intends to use the proceeds raised from the offering for organic growth and future acquisitions. No broker fees or finders' fees will be paid for this offering. Anticipated close is January 2025.
"We currently have 421 contractually committed retail locations from area developers across all emerging brands in the Happy Belly Portfolio-whether in development, under construction, or already open. As we open new stores, the Happy Belly footprint continues to grow. Our team is committed to sourcing and evaluating real estate, reviewing franchisee applications, and collaborating closely with area developers to support our asset-light franchising model. At present, several of our restaurant brands are simultaneously under construction, and we are excited to announce openings throughout 2024-2025. By focusing on securing high-quality franchisees and prime real estate locations across Canada, we will further strengthen our expansion efforts."
We are just getting started.
For franchising inquiries please see www.happybellyfg.com/franchise-with-us/ or contact us at hello@happybellyfg.com.
About Happy Belly Food Group
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company") is a leading consolidator of emerging food brands.
Happy Belly Food Group
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Happy Belly Food Group
Sean Black
Chief Executive Officer
Shawn Moniz
Chief Operating Officer
FOR FURTHER INFORMATION, PLEASE VISIT:
www: www.happybellyfg.com or email hello@happybellyfg.com
If you wish to contact us please call: (604) 737-2303
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Cautionary Note Regarding Forward-Looking Statements
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Forward-Looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include the future performance of Happy Belly and her subsidiaries. Forward-Looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for Happy Belly described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis and other disclosure filings with Canadian securities regulators, which are posted on www.sedarplus.ca.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233918
FAQ
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