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Barfresh Completes Over $5.8 Million Financing to Accelerate Growth

Written by Customer Service on . Posted in Public Companies.

LOS ANGELES, March 23, 2020 (GLOBE NEWSWIRE) — Barfresh Food Group, Inc. (the “Company”) (OTCQB: BRFH), a manufacturer of frozen, ready-to-blend beverages, today announced that it has entered into binding definitive agreements for approximately $5.87 million financing. The components of the financing consist of an aggregate sale of approximately $5.87 million of common stock at $0.50 per share with 50% warrant coverage with an exercise of $0.60 per share, of which $3.825 million will be for growth capital and approximately $2 million came from the conversion of existing debt into the current offering.
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