Better Choice Co Inc. Files 8-K Report

TL;DR

BCII filed an 8-K, nothing specific yet, keep an eye out.

AI Summary

On August 2, 2024, Better Choice Company Inc. filed an 8-K report detailing an event under "Other Events." The company, formerly known as Sport Endurance, Inc., is incorporated in Delaware and headquartered in Tampa, Florida. The filing does not disclose specific financial transactions or material events beyond its classification.

Why It Matters

This filing indicates a regulatory update from Better Choice Company Inc., requiring investors to check for any newly disclosed material information.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report without immediate disclosure of significant financial or operational changes.

Key Players & Entities

• Better Choice Company Inc. (company) — Registrant
• Sport Endurance, Inc. (company) — Former name
• August 2, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Tampa, Florida (location) — Address of Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock par value $0.001 per share BTTR NYSE American Indi
• $3.00 — n Stock") at a public offering price of $3.00 per share and pre-funded warrants to pu
• $2.99 — urities") at a public offering price of $2.99 per Pre-Funded Warrant, for aggregate g
• $5.0 million — gregate gross proceeds of approximately $5.0 million prior to deducting underwriting discoun
• $5.3 million — eceived gross proceeds of approximately $5.3 million for the Offering to date, including in

Filing Documents

• form8-k.htm (8-K) — 38KB
• 0001493152-24-030461.txt ( ) — 206KB
• bttr-20240802.xsd (EX-101.SCH) — 3KB
• bttr-20240802_lab.xml (EX-101.LAB) — 33KB
• bttr-20240802_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 3KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 2, 2024 Better Choice Company Inc. (Exact name of Registrant as Specified in its Charter) Delaware 001-40477 83-4284557 (State or other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 12400 Race Track Road Tampa , Florida 33626 (Address of Principal Executive Offices) (Zip Code) (Registrant's Telephone Number, Including Area Code): ( 212 ) 896-1254 N/A (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock par value $0.001 per share BTTR NYSE American Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 8.01. Other Events. As previously reported, on July 29, 2024, Better Choice Company Inc. (the "Company") entered into an Underwriting Agreement (the "Underwriting Agreement") with ThinkEquity LLC (the "Underwriter"), for an underwritten public offering (the "Offering") of 639,000 shares (the "Shares") of the Company's common stock, par value $0.001 per share (the "Common Stock") at a public offering price of $3.00 per share and pre-funded warrants to purchase 1,028,000 shares of Common Stock (the "Pre-Funded Warrants" and together with the Shares, the "Securities") at a public offering price of $2.99 per Pre-Funded Warrant, for aggregate gross proceeds of approximately $5.0 million prior to deducting underwriting discounts, commissions, and other offering expenses. In addition, the Company granted the Underwriter a 45-day option to purchase an additional 100,000 shares of Common Stock, at the public offering price per share, less the underwriting discounts and commissions, to cover over-allotments (the "Over-allotment Option"). The Securities were offered and sold to the public pursuant to the Company's registration which became effective on July 29, 2024. On August 2, 2024, pursuant to and in compliance with the terms and conditions of the Underwriting Agreement and the Offering, the Underwriters provided notice that they would exercise the Over-allotment Option to purchase 100,000 shares of Common Stock at $3.00 per share. The sale of 100,000 shares of Common Stock in connection with the exercise of the Over-Allotment Option closed on August 2, 2024. The Company has received gross proceeds of approximately $5.3 million for the Offering to date, including in connection with the exercise of the Over-Allotment Option, prior to deducting underwriting discounts and commissions and offering expenses payable by the Company. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. August 7, 2024 Better Choice Company Inc. By: /s/ Carolina Martinez Name: Carolina Martinez Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR