Sundial Foods, Inc. announced that it expects to receive $4.263161 million in funding
October 30, 2021
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Sundial Foods, Inc. announced that it will receive $4,263,161 in funding on October 31, 2021. The company will issue 1,505,230 series seed-1 preferred shares at issue price of $1.1759 per share for the gross proceeds $1,769,999.957; 1,194,458 series seed-2 preferred shares at issue price of $0.2093 per share for the gross proceeds $250,000.0594 and 2,725,259 series seed-3 preferred shares at issue price of $0.8231 per share for the gross proceeds $2,243,160.6829 in the transaction. The shares are convertible and non-redeemable.
The shares will be convertible in common shares at a price of $1.1759, $0.2093 and $0.8231 per share respectively. The round will be raised at post money valuation of $4,465,274. The minimum investment accepted from any outside investor is $50,000.
The company will issue securities pursuant to exemption provided under Regulation D.
Nestlé S.A. is the world's leading agri-food group. Net sales break down by category of products as follows:
- powdered and liquid beverages (26.7%): soluble coffees (Nescafé and Starbucks brands), coffee in capsules (Nespresso), chocolate drinks (Nesquik, Milo, etc.), tea drinks (Nestea), etc.;
- pet food (20.3%): brands such as Purina, Friskies, Felix, etc.;
- pharmaceutical, nutrition and well-being products (16.4%): nutritional supplements (Resource, Boost, Nutren, Optifast, Peptamen brands, etc.), infant and maternal nutrition products (NAN, illuma, Cerelac, Nido, Gerber), ketogenic beverages (BrainXpert), (Nesquick, Fitness, Cheerios, Lion, etc.), etc.;
- ready meals and seasoning products (12.5%): frozen and chilled dishes (Lean Cuisine, Hot Pockets and Stouffer's brands), soups (Maggi), etc.;
- dairy products and ice cream (11.8%): powdered milk, sweetened condensed milk, yoghurt and cream desserts, ice cream (Nido, Nesvita, Carnation, La Laitière, Coffee Mate, Nestlé Ice Cream, Dreyers, Häagen-Dazs, Extrême brands, etc.);
- chocolates, sweets and biscuits (8.7%): Kit Kat, Smarties, Cailler, Terrafertil, etc. brands;
- bottled waters (3.6%): Nestlé Pure Life, Vittel, Perrier, S. Pellegrino, etc. brands.
Net sales are distributed geographically as follows: Switzerland (1.2%), France (3.8%), the United Kingdom (3.8%), Germany (2.4%), Europe (12.8%), the United States and Canada (35%), China (5.9%), Asia and Oceania (21.4%) and Latin America (13.7%).
NESTLÉ S.A. 
