NXT Nutritionals completes $1 million placement of preferreds, notes

Company offers series A preferreds, promissory notes to fund expansion

By Devika Patel

Knoxville, Tenn., Nov. 22 - NXT Nutritionals Holdings Inc. said it settled a $1 million private placement of series A preferred stock and promissory notes on Nov. 21.

Proceeds will allow the company to continue its business plan and expand its products into the U.S. military.

NXT Nutritionals is a Holyoke, Mass.-based developer and marketer of proprietary, patent-pending healthy alternative sweeteners, food and beverage products.

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