This company is no longer activeThe company may no longer be operating, as it may be out of business. Find out why through their latest events.See Latest EventsNewAge (N1K) 주식 개요NewAge, Inc. develops, markets, sells, and distributes healthy products in the United States, Japan, China, and internationally. 자세히 보기N1K 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적0/6재무 건전성4/6배당0/6위험 분석지난 5년간 매년 수익이 44.6% 감소했습니다.주식은 유동성이 매우 낮습니다의미 있는 시가총액이 없습니다(€14M)지난 1년 동안 주주가 희석되었습니다.+ 위험 1건 추가모든 위험 점검 보기N1K Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€0.081해당 없음내재 할인율Est. Revenue$PastFuture-101m3b2016201920222025202620282031Revenue US$3.4bEarnings US$333.6mAdvancedSet Fair ValueView all narrativesNewAge, Inc. 경쟁사BioxyneSymbol: ASX:BXNMarket cap: AU$174.8mLykisSymbol: BSE:530689Market cap: ₹880.0mGuardion Health SciencesSymbol: OTCPK:GHSIMarket cap: US$4.3mEvercore HoldingsSymbol: OTCPK:EVHOMarket cap: US$128.5k가격 이력 및 성과NewAge 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가US$0.08152주 최고가US$1.2452주 최저가US$0.081베타1.551개월 변동-67.72%3개월 변동n/a1년 변동n/a3년 변동n/a5년 변동-97.37%IPO 이후 변동-97.71%최근 뉴스 및 업데이트공시 • Dec 08Rosen Law Firm Files Securities Class Action Lawsuit Against NewAge, IncRosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of NewAge, Inc. between January 18, 2018 and October 18, 2022, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for NewAge investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) NewAge never entered into a “distribution agreement” or “initiative in partnership” with the military and never had plans to sell its products at all commissaries and exchanges around the world; (2) NewAge did not have adequate inventory of its products to fulfill this reported agreement; (3) NewAge did not actually expand its product lines or distribution agreements as represented; (4) the Company lacked adequate internal controls; (5) as a result the Company had a heightened risk of regularly scrutiny and ultimately subject to an SEC investigation and action; and (6) as a result of the foregoing, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.공시 • Sep 15Nasdaq to Delist Common Stock of NewAgeThe Nasdaq Stock Market announced that it will delist the common stock of NewAge, Inc. NewAge’s common stock was suspended on September 8, 2022 and has not traded on Nasdaq since that time. Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delistings. The delistings become effective ten days after the Form 25 is filed. For news and additional information about the companies, including the basis for the delisting and whether the companies’ securities are trading on another venue, please review the companies’ public filings or contact the company directly.공시 • Sep 09Newage Announces That Its Common Stock Has Ceased Trading on NasdaqNewAge, Inc. announced that its common stock has been suspended from trading on The Nasdaq Stock Market due to its voluntary filing for relief under Chapter 11 of the United States Bankruptcy Code on August 30, 2022 and the Company’s inability to remain compliant with the listing requirements of The Nasdaq Stock Market. As previously disclosed, the Company does not intend to appeal the suspension and anticipated delisting of its stock from The Nasdaq Stock Market. Effective September 8, 2022, the Company's common stock is expected to begin trading on the OTC Market under the trading symbol "NBEVQ". The Company cautions that trading in the Company’s common stock during the pendency of the Chapter 11 case is highly speculative and poses substantial risks. Trading prices for the Company’s common stock bear little or no relationship to the actual recovery, if any, by holders of the Company’s common stock in the Chapter 11 case. The Company can provide no assurance that its common stock will commence or continue to trade on the OTC Market, whether broker-dealers will continue to provide public quotes of the Company's common stock on the OTC Market, whether the trading volume of the Company's common stock will be sufficient to provide for an efficient trading market or whether quotes for the Company's common stock will continue on the OTC Market in the future. The Company’s common stock may be or may become illiquid.공시 • Sep 01+ 2 more updatesMotion for Joint Administration Filed by NewAge, Inc.NewAge, Inc. along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on August 30, 2022. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Morinda Holdings, Inc., Ariix LLC, & Morinda, Inc, with its own case for administrative and procedural purposes. NewAge, Inc. has been proposed as the lead debtor.공시 • Aug 31DIP Financing, LLC entered into an asset purchase agreement to acquire all of the assets from NewAge, Inc. (NasdaqCM:NBEV), Morinda, Inc, Morinda Holdings, Inc. and Ariix LLC for $28 million.DIP Financing, LLC entered into an asset purchase agreement to acquire all of the assets from NewAge, Inc. (NasdaqCM:NBEV), Morinda, Inc, Morinda Holdings, Inc. and Ariix LLC for $28 million on August 30, 2022. The consideration of $28 million would be satisfied in cash and with a “credit bid”. The asset purchase agreement provides for consideration to be paid by the purchaser in the form of assumption of specified liabilities relating to the assets, including certain trade payables and specified employee benefits. The asset purchase agreement also provides for a termination fee and expense reimbursement payable to the purchaser upon the occurrence of certain events. The debtors’ management team will continue to operate the business as “debtors in possession” under the jurisdiction and in accordance with the applicable provisions of and orders of the bankruptcy court. The consummation of the asset sale is subject to bankruptcy court approval and certain customary conditions precedent as specified in the asset purchase agreement.공시 • Aug 19NewAge Receives Additional Delinquency Notice from Nasdaq on Late Filing of its Form 10-QNewAge, Inc. announced that on August 12, 2022 it received an additional delinquency notice from the Nasdaq Stock Market, dated August 11, 2022 (the “August Notice”), notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) due to the Company’s failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (the “June 30 Form 10-Q”) with the Securities and Exchange Commission (the “SEC”). The Rule requires listed companies to timely file all periodic financial reports with the SEC. As previously disclosed, the Company received notices from Nasdaq on April 1, 2022 and May 12, 2022 (the “Prior Notices”) notifying the Company that it was not in compliance with the Rule due to the delay in the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “Form 10-K”) and the delay in the filing of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (the “March Form 10-Q”), respectively. In response to the Prior Notices, the Company submitted a plan of compliance to Nasdaq to regain compliance with the Rule and was granted an extension of up to 180 calendar days from the original filing due date of the Form 10-K, or until September 27, 2022, to regain compliance. As a result of the additional delinquency identified in the August Notice, the Company must submit an update to its original compliance plan to Nasdaq by August 26, 2022. If the Company fails to timely regain compliance with the Rule, the Company’s common stock will be subject to delisting from Nasdaq.더 많은 업데이트 보기Recent updates공시 • Dec 08Rosen Law Firm Files Securities Class Action Lawsuit Against NewAge, IncRosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of NewAge, Inc. between January 18, 2018 and October 18, 2022, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for NewAge investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) NewAge never entered into a “distribution agreement” or “initiative in partnership” with the military and never had plans to sell its products at all commissaries and exchanges around the world; (2) NewAge did not have adequate inventory of its products to fulfill this reported agreement; (3) NewAge did not actually expand its product lines or distribution agreements as represented; (4) the Company lacked adequate internal controls; (5) as a result the Company had a heightened risk of regularly scrutiny and ultimately subject to an SEC investigation and action; and (6) as a result of the foregoing, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.공시 • Sep 15Nasdaq to Delist Common Stock of NewAgeThe Nasdaq Stock Market announced that it will delist the common stock of NewAge, Inc. NewAge’s common stock was suspended on September 8, 2022 and has not traded on Nasdaq since that time. Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delistings. The delistings become effective ten days after the Form 25 is filed. For news and additional information about the companies, including the basis for the delisting and whether the companies’ securities are trading on another venue, please review the companies’ public filings or contact the company directly.공시 • Sep 09Newage Announces That Its Common Stock Has Ceased Trading on NasdaqNewAge, Inc. announced that its common stock has been suspended from trading on The Nasdaq Stock Market due to its voluntary filing for relief under Chapter 11 of the United States Bankruptcy Code on August 30, 2022 and the Company’s inability to remain compliant with the listing requirements of The Nasdaq Stock Market. As previously disclosed, the Company does not intend to appeal the suspension and anticipated delisting of its stock from The Nasdaq Stock Market. Effective September 8, 2022, the Company's common stock is expected to begin trading on the OTC Market under the trading symbol "NBEVQ". The Company cautions that trading in the Company’s common stock during the pendency of the Chapter 11 case is highly speculative and poses substantial risks. Trading prices for the Company’s common stock bear little or no relationship to the actual recovery, if any, by holders of the Company’s common stock in the Chapter 11 case. The Company can provide no assurance that its common stock will commence or continue to trade on the OTC Market, whether broker-dealers will continue to provide public quotes of the Company's common stock on the OTC Market, whether the trading volume of the Company's common stock will be sufficient to provide for an efficient trading market or whether quotes for the Company's common stock will continue on the OTC Market in the future. The Company’s common stock may be or may become illiquid.공시 • Sep 01+ 2 more updatesMotion for Joint Administration Filed by NewAge, Inc.NewAge, Inc. along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on August 30, 2022. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Morinda Holdings, Inc., Ariix LLC, & Morinda, Inc, with its own case for administrative and procedural purposes. NewAge, Inc. has been proposed as the lead debtor.공시 • Aug 31DIP Financing, LLC entered into an asset purchase agreement to acquire all of the assets from NewAge, Inc. (NasdaqCM:NBEV), Morinda, Inc, Morinda Holdings, Inc. and Ariix LLC for $28 million.DIP Financing, LLC entered into an asset purchase agreement to acquire all of the assets from NewAge, Inc. (NasdaqCM:NBEV), Morinda, Inc, Morinda Holdings, Inc. and Ariix LLC for $28 million on August 30, 2022. The consideration of $28 million would be satisfied in cash and with a “credit bid”. The asset purchase agreement provides for consideration to be paid by the purchaser in the form of assumption of specified liabilities relating to the assets, including certain trade payables and specified employee benefits. The asset purchase agreement also provides for a termination fee and expense reimbursement payable to the purchaser upon the occurrence of certain events. The debtors’ management team will continue to operate the business as “debtors in possession” under the jurisdiction and in accordance with the applicable provisions of and orders of the bankruptcy court. The consummation of the asset sale is subject to bankruptcy court approval and certain customary conditions precedent as specified in the asset purchase agreement.공시 • Aug 19NewAge Receives Additional Delinquency Notice from Nasdaq on Late Filing of its Form 10-QNewAge, Inc. announced that on August 12, 2022 it received an additional delinquency notice from the Nasdaq Stock Market, dated August 11, 2022 (the “August Notice”), notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) due to the Company’s failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (the “June 30 Form 10-Q”) with the Securities and Exchange Commission (the “SEC”). The Rule requires listed companies to timely file all periodic financial reports with the SEC. As previously disclosed, the Company received notices from Nasdaq on April 1, 2022 and May 12, 2022 (the “Prior Notices”) notifying the Company that it was not in compliance with the Rule due to the delay in the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “Form 10-K”) and the delay in the filing of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (the “March Form 10-Q”), respectively. In response to the Prior Notices, the Company submitted a plan of compliance to Nasdaq to regain compliance with the Rule and was granted an extension of up to 180 calendar days from the original filing due date of the Form 10-K, or until September 27, 2022, to regain compliance. As a result of the additional delinquency identified in the August Notice, the Company must submit an update to its original compliance plan to Nasdaq by August 26, 2022. If the Company fails to timely regain compliance with the Rule, the Company’s common stock will be subject to delisting from Nasdaq.공시 • Aug 13NewAge, Inc. Receives Notice of Default Letter from East West BankOn August 8, 2022, NewAge, Inc. received a letter (Notice of Default Letter) from East West Bank containing notice of alleged events of default under the Loan and Security Agreement between the Company as the borrower and East West Bank as the lender (Lender) dated as of March 11, 2022 (Loan Agreement). According to the Notice of Default Letter, the Company is in default of its obligations pursuant to the Loan Agreement a result of the (i) Company’s failure to use commercially reasonable efforts to obtain Lessor’s Acknowledgment and Subordinations and Bailee Waivers in accordance with Section 3.3(d)(i) of the Loan Agreement, (ii) Company’s failure to deliver company prepared financials for the measuring period ending March 31, 2022, in accordance with Section 6.2(i) of the Loan Agreement, (iii) Company’s failure to deliver control agreements with respect to Borrower’s accounts at Bank of America and Wells Fargo in accordance with Section 6.7(a) of the Loan Agreement, and (iv) circumstances that have resulted in a Material Adverse Effect in accordance with Section 8.3 of the Loan Agreement (each capitalized term as defined in the Loan Agreement). In the Notice of Default Letter, the Lender also declared all the obligations of the Company pursuant to the Loan Agreement immediately due and payable. The Company’s current amount outstanding pursuant the Loan Agreement is approximately $12.0 million.공시 • Jul 09NewAge, Inc. Announces Executive ChangesNewAge, Inc. announced that Kevin Manion, Chief Financial Officer, departed the Company as of July 1, 2022. Lawrence Perkins, who along with his firm SierraConstellation Partners LLC have been engaged to provide Chief Restructuring Officer (CRO) and other services to the Company, will assume the role of the Company’s principal financial officer on an interim basis. Mr. Perkins currently serves as the Company’s CRO and advises the Company with respect to, among other things, assistance with the preparation of financial information, stakeholder communication and evaluation of cash flow generation capabilities. Mr. Perkins has more than 20 years of management consulting and advisory experience with companies undergoing transition. He is the founder and CEO of SCP, a national interim management and advisory firm that provides services to middle-market companies navigating their way through difficult business challenges. Prior to founding SCP in 2013, Mr. Perkins was a senior managing director and regional leader of a national consulting firm, where he was responsible for business development, marketing, staffing, and general management of the firm’s western region.주주 수익률N1KDE Personal ProductsDE 시장7D-55.9%1.2%2.8%1Yn/a-11.2%1.4%전체 주주 수익률 보기수익률 대 산업: N1K의 German Personal Products 산업 대비 성과를 판단하기에 데이터가 부족합니다.수익률 대 시장: N1K의 German 시장 대비 성과를 판단하기에 데이터가 부족합니다.주가 변동성Is N1K's price volatile compared to industry and market?N1K volatilityN1K Average Weekly Movementn/aPersonal Products Industry Average Movement5.2%Market Average Movement6.0%10% most volatile stocks in DE Market12.8%10% least volatile stocks in DE Market2.7%안정적인 주가: N1K의 주가는 지난 3개월 동안 German 시장보다 변동성이 컸습니다.시간에 따른 변동성: Insufficient data to determine N1K의 변동성 변화를 판단할 수 없습니다.회사 소개설립직원 수CEO웹사이트20101,109Ed Brennanwww.newage.com더 보기NewAge, Inc. 기초 지표 요약NewAge의 순이익과 매출은 시가총액과 어떻게 비교됩니까?N1K 기초 통계시가총액€13.77m순이익 (TTM)-€7.16m매출 (TTM)€440.94m0.0x주가매출비율(P/S)-1.9x주가수익비율(P/E)N1K는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표N1K 손익계산서 (TTM)매출US$439.53m매출원가US$142.56m총이익US$296.98m기타 비용US$304.11m순이익-US$7.14m최근 보고된 실적Sep 30, 2021다음 실적 발표일해당 없음주당순이익(EPS)-0.049총이익률67.57%순이익률-1.62%부채/자본 비율7.9%N1K의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2022/09/08 23:39종가2022/09/08 00:00수익2021/09/30연간 수익2020/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스NewAge, Inc.는 6명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jeffrey KauffmanAegis Capital CorporationAaron GreyAlliance Global PartnersRommel DionisioCompass Point Research & Trading, LLC3명의 분석가 더 보기
공시 • Dec 08Rosen Law Firm Files Securities Class Action Lawsuit Against NewAge, IncRosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of NewAge, Inc. between January 18, 2018 and October 18, 2022, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for NewAge investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) NewAge never entered into a “distribution agreement” or “initiative in partnership” with the military and never had plans to sell its products at all commissaries and exchanges around the world; (2) NewAge did not have adequate inventory of its products to fulfill this reported agreement; (3) NewAge did not actually expand its product lines or distribution agreements as represented; (4) the Company lacked adequate internal controls; (5) as a result the Company had a heightened risk of regularly scrutiny and ultimately subject to an SEC investigation and action; and (6) as a result of the foregoing, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
공시 • Sep 15Nasdaq to Delist Common Stock of NewAgeThe Nasdaq Stock Market announced that it will delist the common stock of NewAge, Inc. NewAge’s common stock was suspended on September 8, 2022 and has not traded on Nasdaq since that time. Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delistings. The delistings become effective ten days after the Form 25 is filed. For news and additional information about the companies, including the basis for the delisting and whether the companies’ securities are trading on another venue, please review the companies’ public filings or contact the company directly.
공시 • Sep 09Newage Announces That Its Common Stock Has Ceased Trading on NasdaqNewAge, Inc. announced that its common stock has been suspended from trading on The Nasdaq Stock Market due to its voluntary filing for relief under Chapter 11 of the United States Bankruptcy Code on August 30, 2022 and the Company’s inability to remain compliant with the listing requirements of The Nasdaq Stock Market. As previously disclosed, the Company does not intend to appeal the suspension and anticipated delisting of its stock from The Nasdaq Stock Market. Effective September 8, 2022, the Company's common stock is expected to begin trading on the OTC Market under the trading symbol "NBEVQ". The Company cautions that trading in the Company’s common stock during the pendency of the Chapter 11 case is highly speculative and poses substantial risks. Trading prices for the Company’s common stock bear little or no relationship to the actual recovery, if any, by holders of the Company’s common stock in the Chapter 11 case. The Company can provide no assurance that its common stock will commence or continue to trade on the OTC Market, whether broker-dealers will continue to provide public quotes of the Company's common stock on the OTC Market, whether the trading volume of the Company's common stock will be sufficient to provide for an efficient trading market or whether quotes for the Company's common stock will continue on the OTC Market in the future. The Company’s common stock may be or may become illiquid.
공시 • Sep 01+ 2 more updatesMotion for Joint Administration Filed by NewAge, Inc.NewAge, Inc. along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on August 30, 2022. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Morinda Holdings, Inc., Ariix LLC, & Morinda, Inc, with its own case for administrative and procedural purposes. NewAge, Inc. has been proposed as the lead debtor.
공시 • Aug 31DIP Financing, LLC entered into an asset purchase agreement to acquire all of the assets from NewAge, Inc. (NasdaqCM:NBEV), Morinda, Inc, Morinda Holdings, Inc. and Ariix LLC for $28 million.DIP Financing, LLC entered into an asset purchase agreement to acquire all of the assets from NewAge, Inc. (NasdaqCM:NBEV), Morinda, Inc, Morinda Holdings, Inc. and Ariix LLC for $28 million on August 30, 2022. The consideration of $28 million would be satisfied in cash and with a “credit bid”. The asset purchase agreement provides for consideration to be paid by the purchaser in the form of assumption of specified liabilities relating to the assets, including certain trade payables and specified employee benefits. The asset purchase agreement also provides for a termination fee and expense reimbursement payable to the purchaser upon the occurrence of certain events. The debtors’ management team will continue to operate the business as “debtors in possession” under the jurisdiction and in accordance with the applicable provisions of and orders of the bankruptcy court. The consummation of the asset sale is subject to bankruptcy court approval and certain customary conditions precedent as specified in the asset purchase agreement.
공시 • Aug 19NewAge Receives Additional Delinquency Notice from Nasdaq on Late Filing of its Form 10-QNewAge, Inc. announced that on August 12, 2022 it received an additional delinquency notice from the Nasdaq Stock Market, dated August 11, 2022 (the “August Notice”), notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) due to the Company’s failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (the “June 30 Form 10-Q”) with the Securities and Exchange Commission (the “SEC”). The Rule requires listed companies to timely file all periodic financial reports with the SEC. As previously disclosed, the Company received notices from Nasdaq on April 1, 2022 and May 12, 2022 (the “Prior Notices”) notifying the Company that it was not in compliance with the Rule due to the delay in the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “Form 10-K”) and the delay in the filing of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (the “March Form 10-Q”), respectively. In response to the Prior Notices, the Company submitted a plan of compliance to Nasdaq to regain compliance with the Rule and was granted an extension of up to 180 calendar days from the original filing due date of the Form 10-K, or until September 27, 2022, to regain compliance. As a result of the additional delinquency identified in the August Notice, the Company must submit an update to its original compliance plan to Nasdaq by August 26, 2022. If the Company fails to timely regain compliance with the Rule, the Company’s common stock will be subject to delisting from Nasdaq.
공시 • Dec 08Rosen Law Firm Files Securities Class Action Lawsuit Against NewAge, IncRosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of NewAge, Inc. between January 18, 2018 and October 18, 2022, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for NewAge investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) NewAge never entered into a “distribution agreement” or “initiative in partnership” with the military and never had plans to sell its products at all commissaries and exchanges around the world; (2) NewAge did not have adequate inventory of its products to fulfill this reported agreement; (3) NewAge did not actually expand its product lines or distribution agreements as represented; (4) the Company lacked adequate internal controls; (5) as a result the Company had a heightened risk of regularly scrutiny and ultimately subject to an SEC investigation and action; and (6) as a result of the foregoing, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
공시 • Sep 15Nasdaq to Delist Common Stock of NewAgeThe Nasdaq Stock Market announced that it will delist the common stock of NewAge, Inc. NewAge’s common stock was suspended on September 8, 2022 and has not traded on Nasdaq since that time. Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delistings. The delistings become effective ten days after the Form 25 is filed. For news and additional information about the companies, including the basis for the delisting and whether the companies’ securities are trading on another venue, please review the companies’ public filings or contact the company directly.
공시 • Sep 09Newage Announces That Its Common Stock Has Ceased Trading on NasdaqNewAge, Inc. announced that its common stock has been suspended from trading on The Nasdaq Stock Market due to its voluntary filing for relief under Chapter 11 of the United States Bankruptcy Code on August 30, 2022 and the Company’s inability to remain compliant with the listing requirements of The Nasdaq Stock Market. As previously disclosed, the Company does not intend to appeal the suspension and anticipated delisting of its stock from The Nasdaq Stock Market. Effective September 8, 2022, the Company's common stock is expected to begin trading on the OTC Market under the trading symbol "NBEVQ". The Company cautions that trading in the Company’s common stock during the pendency of the Chapter 11 case is highly speculative and poses substantial risks. Trading prices for the Company’s common stock bear little or no relationship to the actual recovery, if any, by holders of the Company’s common stock in the Chapter 11 case. The Company can provide no assurance that its common stock will commence or continue to trade on the OTC Market, whether broker-dealers will continue to provide public quotes of the Company's common stock on the OTC Market, whether the trading volume of the Company's common stock will be sufficient to provide for an efficient trading market or whether quotes for the Company's common stock will continue on the OTC Market in the future. The Company’s common stock may be or may become illiquid.
공시 • Sep 01+ 2 more updatesMotion for Joint Administration Filed by NewAge, Inc.NewAge, Inc. along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on August 30, 2022. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Morinda Holdings, Inc., Ariix LLC, & Morinda, Inc, with its own case for administrative and procedural purposes. NewAge, Inc. has been proposed as the lead debtor.
공시 • Aug 31DIP Financing, LLC entered into an asset purchase agreement to acquire all of the assets from NewAge, Inc. (NasdaqCM:NBEV), Morinda, Inc, Morinda Holdings, Inc. and Ariix LLC for $28 million.DIP Financing, LLC entered into an asset purchase agreement to acquire all of the assets from NewAge, Inc. (NasdaqCM:NBEV), Morinda, Inc, Morinda Holdings, Inc. and Ariix LLC for $28 million on August 30, 2022. The consideration of $28 million would be satisfied in cash and with a “credit bid”. The asset purchase agreement provides for consideration to be paid by the purchaser in the form of assumption of specified liabilities relating to the assets, including certain trade payables and specified employee benefits. The asset purchase agreement also provides for a termination fee and expense reimbursement payable to the purchaser upon the occurrence of certain events. The debtors’ management team will continue to operate the business as “debtors in possession” under the jurisdiction and in accordance with the applicable provisions of and orders of the bankruptcy court. The consummation of the asset sale is subject to bankruptcy court approval and certain customary conditions precedent as specified in the asset purchase agreement.
공시 • Aug 19NewAge Receives Additional Delinquency Notice from Nasdaq on Late Filing of its Form 10-QNewAge, Inc. announced that on August 12, 2022 it received an additional delinquency notice from the Nasdaq Stock Market, dated August 11, 2022 (the “August Notice”), notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) due to the Company’s failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (the “June 30 Form 10-Q”) with the Securities and Exchange Commission (the “SEC”). The Rule requires listed companies to timely file all periodic financial reports with the SEC. As previously disclosed, the Company received notices from Nasdaq on April 1, 2022 and May 12, 2022 (the “Prior Notices”) notifying the Company that it was not in compliance with the Rule due to the delay in the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “Form 10-K”) and the delay in the filing of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (the “March Form 10-Q”), respectively. In response to the Prior Notices, the Company submitted a plan of compliance to Nasdaq to regain compliance with the Rule and was granted an extension of up to 180 calendar days from the original filing due date of the Form 10-K, or until September 27, 2022, to regain compliance. As a result of the additional delinquency identified in the August Notice, the Company must submit an update to its original compliance plan to Nasdaq by August 26, 2022. If the Company fails to timely regain compliance with the Rule, the Company’s common stock will be subject to delisting from Nasdaq.
공시 • Aug 13NewAge, Inc. Receives Notice of Default Letter from East West BankOn August 8, 2022, NewAge, Inc. received a letter (Notice of Default Letter) from East West Bank containing notice of alleged events of default under the Loan and Security Agreement between the Company as the borrower and East West Bank as the lender (Lender) dated as of March 11, 2022 (Loan Agreement). According to the Notice of Default Letter, the Company is in default of its obligations pursuant to the Loan Agreement a result of the (i) Company’s failure to use commercially reasonable efforts to obtain Lessor’s Acknowledgment and Subordinations and Bailee Waivers in accordance with Section 3.3(d)(i) of the Loan Agreement, (ii) Company’s failure to deliver company prepared financials for the measuring period ending March 31, 2022, in accordance with Section 6.2(i) of the Loan Agreement, (iii) Company’s failure to deliver control agreements with respect to Borrower’s accounts at Bank of America and Wells Fargo in accordance with Section 6.7(a) of the Loan Agreement, and (iv) circumstances that have resulted in a Material Adverse Effect in accordance with Section 8.3 of the Loan Agreement (each capitalized term as defined in the Loan Agreement). In the Notice of Default Letter, the Lender also declared all the obligations of the Company pursuant to the Loan Agreement immediately due and payable. The Company’s current amount outstanding pursuant the Loan Agreement is approximately $12.0 million.
공시 • Jul 09NewAge, Inc. Announces Executive ChangesNewAge, Inc. announced that Kevin Manion, Chief Financial Officer, departed the Company as of July 1, 2022. Lawrence Perkins, who along with his firm SierraConstellation Partners LLC have been engaged to provide Chief Restructuring Officer (CRO) and other services to the Company, will assume the role of the Company’s principal financial officer on an interim basis. Mr. Perkins currently serves as the Company’s CRO and advises the Company with respect to, among other things, assistance with the preparation of financial information, stakeholder communication and evaluation of cash flow generation capabilities. Mr. Perkins has more than 20 years of management consulting and advisory experience with companies undergoing transition. He is the founder and CEO of SCP, a national interim management and advisory firm that provides services to middle-market companies navigating their way through difficult business challenges. Prior to founding SCP in 2013, Mr. Perkins was a senior managing director and regional leader of a national consulting firm, where he was responsible for business development, marketing, staffing, and general management of the firm’s western region.
