date:May 26, 2016
e.
An initial cash payment of $8.5m to the majority stake owner of the firm will be made at the time of closing of the transaction along with the issuance of common stock in Bucha to the executives and majority owner totaling around $7m.
The initial cash payment of $8.5m will be funded through debt from one of the sources that have committed to provide financing. The deal is expected to be completed on or around 30 June 2016.
The new entity, which will be renamed as the New Age Beverages Corp