The closing of the offering is expected to occur on July 31, 2024, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from this offering for general corporate purposes, including working capital, sales and marketing, and operating expenses. A registration statement on Form S-1 (File No. 333-280714) relating to the offering was filed with the Securities and Exchange Commission ("SEC") and became effective on July 29, 2024. This offering is being made only ...

In the notice letter, NYSE American also notified the Company that it was not in compliance with Section 1003(a)(i) of the Company Guide as it reported stockholders' equity of $1.1 million as of March 31, 2024 and had losses from continuing operations and/or net losses in three out of its four most recent fiscal years ended December 31, 2023. The Company intends to gain compliance with Section 1003(a)(i) during the Plan Period. About Better Choice Company Inc. Company Contact: Better Choice Company, Inc. Ke ...

Additionally 335,640 Outstanding Warrants With $11.44 Strike Price Retired in Full Michael Young, Chairman of the Board, commented, "With the retirement of our senior debt, plan to eliminate the majority of our accounts payable, and our extended manufacturing relationship with Alphia, we are now positioned for growth and profitability. We have 100% confidence in Kent Cunningham, Nina Martinez and the rest of the leadership team. We look forward to updating our shareholders on the quarter in the coming weeks ...

Core Viewpoint - Better Choice Company has reached a settlement with Alphia, resulting in the retirement of $5.0 million in senior secured debt and the elimination of approximately $5.0 million in other indebtedness, which can yield savings of up to $2.7 million if paid within 90 days [1][3]. Financial Impact - The company has retired $5.0 million in principal and $0.4 million in payable-in-kind accrued interest as of March 31, 2024 [1]. - Additionally, 335,640 warrants with a strike price of $11.44 per share have been retired [1][6]. - The elimination of other indebtedness is expected to occur at 56% of face value within 90 days [3]. Business Strategy - Better Choice Company focuses on pet health and wellness, offering a diverse range of products under the Halo brand, including foods, treats, dental products, and supplements [3]. - The company aims to capitalize on trends in pet humanization and consumer health consciousness [3]. Leadership and Future Outlook - The Chairman of the Board expressed confidence in the leadership team and indicated that the company is now positioned for growth and profitability following the debt retirement and the extended manufacturing relationship with Alphia [4].

NEW YORK, May 24, 2024 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE American: BTTR) (the "Company" or "Better Choice"), a pet health and wellness company, announced today that it received a warning letter from NYSE Regulation regarding the Company's disclosure of material news in a manner that did not comply with the NYSE American Company Guide (the "Company Guide"). Section 401(a) of the Company Guide requires a listed company "to make immediate public disclosure of all material information concern ...

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future event ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Date of Report (Date of earliest event reported): May 17, 2024 12400 Race Track Road Tampa, Florida 33626 (Address of Principal Executive Offices) (Zip Code) 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: ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2( ...

FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Or For the transition period from to Better Choice Company Inc. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the regis ...

Core Insights - Better Choice Company Inc. reported a net sales of $7.9 million for Q1 2024, with 75% of sales driven by its Halo Holistic® product line [3][5] - The company achieved an adjusted EBITDA improvement of 27% year over year, reaching $(1.4) million, and an adjusted EBITDA margin expansion of 299 basis points to (18)% [1][5] - The net loss available to common stockholders improved by 19% to $(2.8) million, with EPS improving by 28% to $(3.60) per share [5][6] Financial Performance - Net sales for Q1 2024 were $7.9 million, down from $9.2 million in Q1 2023 [4] - Gross profit decreased to $2.6 million, compared to $3.2 million in the previous year, resulting in a gross margin of 33% [4][5] - Operating expenses were reduced to $5.1 million from $6.5 million year over year, leading to a loss from operations of $(2.5) million, an improvement from $(3.3) million [4][5] Operational Highlights - The company improved inventory levels by approximately 50% over the last 15 months, achieving an average fill rate of 96% for the quarter [3] - The Halo Elevate line was successfully launched on Chewy, receiving an average product rating of 4.6 stars, indicating strong consumer satisfaction [3] - Better Choice is focusing on a digital-first strategy to enhance brand awareness and optimize its product portfolio [3] Balance Sheet Overview - As of March 31, 2024, total assets were $15.4 million, down from $16.7 million at the end of 2023 [7] - Current liabilities increased to $14.3 million from $13.8 million, with accounts payable rising to $7.5 million [7] - Stockholders' equity decreased to $1.1 million from $3.0 million, reflecting the ongoing net losses [7]

Core Insights - Better Choice Company Inc. reported a net revenue of $7.9 million for Q1 2024, with a gross margin of 33% and a net loss of $2.8 million, which is an improvement of 19% year over year [2][3] - The company achieved an EPS improvement of 28% to $(3.60) per share and an adjusted EBITDA growth of 27% year over year to $(1.4) million, with an adjusted EBITDA margin improvement of 299 basis points to (18)% [1][2] - Approximately 75% of the sales volume was driven by the Halo Holistic® product line, and the company launched the Halo Elevate line on Chewy, receiving an average product rating of 4.6 stars [2][10] Financial Performance - Net sales for Q1 2024 were $7.9 million, down from $9.2 million in Q1 2023 [3] - Cost of goods sold decreased to $5.3 million from $6.0 million year over year, resulting in a gross profit of $2.6 million compared to $3.2 million in the previous year [3] - Total operating expenses were $5.1 million, down from $6.5 million in Q1 2023, leading to a loss from operations of $(2.5) million, an improvement from $(3.3) million [3] Operational Highlights - The company improved inventory levels by approximately 50% over the last 15 months, achieving an average fill rate of 96% for the quarter [2] - The CEO emphasized a digital-first strategy and marketing investment shifts to enhance brand awareness and discoverability [2] - Better Choice is focused on optimizing its product portfolio and addressing consumer barriers to purchase [2] Balance Sheet Overview - As of March 31, 2024, total assets were $15.4 million, down from $16.7 million at the end of 2023 [4] - Current liabilities increased to $14.3 million from $13.7 million, while total liabilities rose to $14.3 million from $13.8 million [4] - Stockholders' equity was reported at $1.1 million, reflecting an accumulated deficit of $(324.2) million [4]