New Age Beverages Corp intends to raise $45m through a public offering of 12.9 million shares, priced at $3.50 each.

The underwriters have a 45-day option to buy up to 1.9 million additional shares of common stock.

Roth Capital Partners and Alliance Global Partners are the joint book-running managers, while Sichenzia Ross Ference is the legal advisor to New Age Beverages for the transaction.

Based in the US, New Age Beverages is a developer and seller of organic and healthy beverages.

Coca-Cola Amatil (CCA) has entered a partnership agreement with Australian start-up companies Bellr, Snooper and Staybil to enhance its delivery efficiency and consumer experience.

The Australian firms will take part in CCA’s Xcelerate programme, which is a part of CCA’s corporate venturing platform Amatil X.

“LELECHA Lele (Lele tea) has raised CNY100m ($14.42m) through a pre-series-A funding round.”

The programme will help CCA find new ideas for business support.

Bellr supports brands to retain customers through venue promotions and tailored loyalty programmes, whereas Snooper offers a crowdsourcing platform and Staybil provides artificial intelligence (AI) powered software to drive operational efficiency.

Diageo has agreed to sell 19 brands to Sazerac for $550m.

Based in the UK, Diageo is a multi-national alcoholic beverages firm, while Sazerac is a distiller in the US.

The transaction includes Seagram’s VO, Seagram’s 83, Seagram’s Five Star, and Myers’s, Parrot Bay, as well as Romana Sambuca and Popov, Yukon Jack, Goldschlager, and Stirrings.

Diego’s shareholders will receive approximately £340m ($437m) of the net proceeds through a share repurchase, upon completion of the deal.

Diageo has also entered ten-year supply contracts with Sazerac for five brands.

LELECHA Lele (Lele tea) has raised CNY100m ($14.42m) through a pre-series-A funding round.

Based in China, Lele tea offers brand development models by combining tea and soft European bags.