Zevia discloses an equity distribution agreement for the potential sales of shares

[Emerging Financial Data - Stock Market, Prosperity, Bull Market - Blue Version]
DKosig

Zevia PBC (NYSE:ZVIA [https://seekingalpha.com/symbol/ZVIA]) announced in a SEC filing that the company entered into an equity distribution agreement with Piper Sandler. The arrangement allows Zevia (NYSE:ZVIA [https://seekingalpha.com/symbol/ZVIA]) to sell up to $20 million worth of its Class A common stock through what is known as an "at-the-market" offering.

By the terms of the arrangement, Piper Sandler will serve as the sales agent and receive a 3% commission on any shares sold. Zevia (NYSE:ZVIA [https://seekingalpha.com/symbol/ZVIA]) has full discretion over whether to sell shares, when to sell them, and in what amount, and either party can terminate the agreement with notice.

The beverage company said the funds raised may be used to purchase Class A units, support marketing and business growth efforts (including possible acquisitions), and cover general corporate purposes such as working capital and capital expenditures. The shares will be issued under Zevia's (ZVIA [https://seekingalpha.com/symbol/ZVIA]) existing shelf registration. There is no set timeline for these sales or guarantee of the total funds that will be raised.

Shares of Zevia PBC (ZVIA [https://seekingalpha.com/symbol/ZVIA]) move 4.0% higher in premarket trading on light volume.

MORE ON ZEVIA PBC

* Zevia PBC 2025 Q2 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4810219-zevia-pbc-2025-q2-results-earnings-call-presentation]
* Zevia PBC (ZVIA) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4810217-zevia-pbc-zvia-q2-2025-earnings-call-transcript]
* Zevia: Higher Valuation Provides A Weak Risk-To-Reward (Rating Downgrade) [https://seekingalpha.com/article/4795981-zevia-higher-valuation-provides-weak-risk-reward-rating-downgrade]
* Zevia maintains $158M–$163M full-year sales outlook while accelerating innovation and distribution gains [https://seekingalpha.com/news/4481163-zevia-maintains-158m-163m-full-year-sales-outlook-while-accelerating-innovation-and]
* Tootsie Roll among names set to join Russell 3000 Index, Growgeneration, Veru set to leave [https://seekingalpha.com/news/4453713-tootsie-roll-among-names-set-to-join-russell-3000-index-growgeneration-veru-set-to-leave]