Core Viewpoint - Buda Juice, Inc. is set to launch its initial public offering (IPO) with 2,666,667 shares priced at $7.50 each, aiming to raise $20 million in gross proceeds, with trading expected to begin on the NYSE American exchange under the ticker symbol "BUDA" on January 8, 2026 [1][3]. Group 1: IPO Details - The IPO consists of 2,666,667 shares priced at $7.50 per share, totaling $20 million in gross proceeds before expenses [1]. - The underwriter has a 45-day option to purchase up to 400,000 additional shares to cover over-allotments [2]. - The offering is expected to close on January 9, 2026, subject to customary closing conditions [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to develop production plants in South Carolina and Arizona/Nevada, expand capacity in the Dallas production plant, support in-store marketing, and provide working capital for expansion [3]. Group 3: Company Overview - Buda Juice is pioneering the UltraFresh™ juice category through a cold chain platform that delivers freshly crafted juices, lemonades, and wellness shots to grocery retailers [7]. - The company offers a turnkey alternative to shelf-stable beverages, enabling retailers to provide fresh juices without added infrastructure [7]. - Buda Juice is expanding its branded portfolio and entering new geographic markets while scaling a white-label platform for cost savings and fresh category differentiation [8]. Group 4: Leadership Commentary - CEO Horatio Lonsdale-Hands emphasized the milestone for the company and the growth of the UltraFresh™ juice category, highlighting the support from consumers and investors [4].
Buda Juice Announces Pricing of $20 Million Initial Public Offering