Glucose Health, which sells branded beverage mixes aimed at diabetics managing their blood sugar, filed on Wednesday with the SEC to raise up to $30 million in a NYSE American uplisting. The company is currently listed on the OTC under the symbol "GLUC".
Because the company is offering units with warrants attached, Glucose Health will be excluded from Renaissance Capital's 2022 IPO stats.
The company states that is involved in the formulation, manufacturing, marketing, and distribution of soluble fiber infused nutritional beverages. With an emphasis on serving pre-diabetic and diabetic customers, Glucose Health first registered its signature brand, GLUCODOWN, in 2017 and sells fiber infused powdered iced tea and flavored drink mixes throughout North America. Additionally, Glucose Health plans to launch a second product line currently under development called FIBER UP, a ready-to-drink beverage designed for adults ages 45 and older.
The Bentonville, AR-based company was founded in 2007 and booked $1 million in sales for the 12 months ended March 31, 2022. It plans to list on the NYSE American under the symbol GLUC. EF Hutton is the sole bookrunner on the deal. No pricing terms were disclosed.
