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Sow Good Raises $3M In Second Private Placement

July 7, 2021: 12:00 AM EST
The Irving, Texas-based maker of freeze-dried foods, including bagged fruit and vegetable snacks, completed a $3 million private placement. The share price of $4.25 represents a 6 percent premium to Sow Good’s private placement earlier this year. Investors in the private placement included the company’s top executives, board members, and a few accredited investors. Proceeds from the placement will be used to fund additional marketing and brand development, brand extensions, and working capital investments. The company raised more than $1 million in an earlier funding round. According to the company, the months following its May launch have seen the introduction of Sow Good products to retail stores and development of new products, including five flavors of gluten-free granola featuring freeze-dried fruit, and miniature bags of its initial snack line.
"Sow Good Inc. Completes Second Successful Fundraising", GlobeNewswire , July 07, 2021, © GlobeNewswire, Inc.
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