NuZee’s Strategic Financial Moves and Board Reshuffle

Nuzee (NUZE) just unveiled an announcement.

NuZee, Inc. secured a financial boost through a private placement deal, involving $320,000 in convertible promissory notes and warrants to purchase over 221,000 shares of its common stock. The notes come with a 7% annual interest rate and a one-year maturity, allowing investors to convert to common stock below market value. Additionally, the company struck a Registration Rights Agreement promising to register the resale of the stock related to the notes and warrants. Amidst these financial moves, Nobuki Kurita stepped down from NuZee’s board, replaced by investor-designated Changzheng Ye, whose diverse tech background adds a new dimension to the company’s leadership.

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