Buda Juice announces full exercise of underwriters’ over-allotment option

Buda Juice (BUDA) announced that the underwriter of its initial public offering has exercised in full its 15% over-allotment option, resulting in the issuance of an additional 399,999 shares of common stock. Including the over-allotment shares, Buda Juice sold a total of 3,066,666 shares of common stock at a public offering price of $7.50 per share, generating gross proceeds of approximately $23M, before deducting underwriting discounts and offering expenses. The Offering has now closed. The Company’s shares began trading on the NYSE American exchange under the symbol “BUDA” on January 8.