SOWG - Sow Good Announces $2.8M Private Placement and Hiring of Chief Financial Officer | Benzinga
IRVING, Texas, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Sow Good Inc. (OTCQB:SOWG), a trailblazer in the freeze-dried candy and treat industry, announced today the successful completion of a $2.77M private placement raised from 426,288 newly issued shares. The share price of $6.50 represents a 30% premium to Sow Good's last equity raise in September 2023. Sow Good is thrilled by the continued sales growth of its freeze dried candy line and the additional flexibility this raise provides to help meet customer demand.
Appointment of Permanent Chief Financial Officer
On November 20, 2023, the board of directors of Sow Good appointed Keith Terreri as its permanent Chief Financial Officer, starting December 4, 2023. Prior to joining the Sow Good team, Keith was the Executive Vice President of Business Operations at NEC Corporation of America ("NEC") in Irving, TX. Before this role, he spent eight years as NEC's CFO, and for four of those years, he managed the IT department. Prior to NEC, Keith was the Treasurer for ...