Zevia Enters Into A Definitive Agreement With A Fund Managed By GP Investments To Issue Convertible Preferred Stock In Exchange For $20M Of Growth Equity To Fund Key Strategic Priorities To Drive Meaningful Long-Term Value Creation For Shareholders
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Why It Matters
Zevia got $20 million in new money from an investor. This cash helps the company grow and shows someone believes in its future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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