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Fresh Healthy Vending to conduct public offering of common stock
Company taps Joseph Gunnar as bookrunner, also plans debt placement
By Marisa Wong
Morgantown, W.Va., March 15 – Fresh Healthy Vending International, Inc. plans to conduct a public offering of common stock with Joseph Gunnar & Co., LLC as bookrunner, according to an 8-K filing with the Securities and Exchange Commission.
The company also plans to raise about $2 million through a private placement of debt. The best-efforts deal will also be conducted through Joseph Gunnar.
Details of the offerings were not disclosed in the 8-K.
The company’s common stock (OTCBB: VEND) closed at $0.48 on March 14.
The franchisor of healthy drinks and snack vending machines is based in San Diego.
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