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Iconic Brands Closes Final Tranche of July 2021 Financing

Iconic Brands Closes Final Tranche of July 2021 Financing
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Given the growing demand, the company plans to accelerate growth on several key initiatives, including TopPop facility production and expansion, the new launch of sugar-free wines and raising awareness through social media and digital marketing.

Amityville, New York, Jan. 07, 2022 (The Globe Newswire) – via NewMediaWire Iconic Brands, Inc. (OTCQB: ICNB) (“Iconic” or the “Company”), together with its wholly owned subsidiary TopPop LLC (“TopPop”), creates and supports brands, innovates, produces, licenses, sells and advertises alcoholic and non-alcoholic beverages and creates sustainable packaging solutions. For the consumer goods market, it completed the last tranche of its previously announced private placement financing on January 5, 2022.

The net proceeds of approximately $10.8 million from closing the last tranche of the offering will be used for domestic and international expansion of the Bellissima brand, production and expansion of the TopPop facility to increase capacity for increased demand, new product launches, marketing, and other general working capital purposes.

For more details, please see Form 8-K at: https://www.sec.gov/ix?doc=/Archives/edgar/data/1350073/00014779322000144/icnb_8k.htm

Iconic CEO, Larry Romer said, “We are very grateful and proud of the new capital which comes at a pivotal time when we are participating in many exciting initiatives: the launch of a new line of Bellissima sugar-free wines in the first quarter, and the construction of a new 64,000 square foot factory in Pennsauken Ltd., NJ, is preparing to ramp up production in the first quarter of 2022, among other initiatives. We are grateful for the support from our investors and the trust they place on our team.”

Special Equities Group, LLC (“SEG”), a division of Dawson James Securities, Inc. , as the sole underwriting agent for this transaction.

The full terms of the financing agreement can be found in the company’s current report on Form 8-K filed with the US Securities and Exchange Commission.

About Iconic

Iconic, along with its wholly owned subsidiary TopPop, creates and supports branding, innovation, production, licensing, bottling and selling of alcoholic and non-alcoholic beverages and creating sustainable packaging solutions for the consumer goods market. Iconic’s focus on lifestyle branding and the rise in the consumer category of ‘Better-for-You’ and ‘Better-for-Planet’ has made it a pioneer in the development of worldwide famous brands such as Christie Brinkley’s Bellissima Prosecco.

TopPop is a leading flexible packaging company. TopPop’s creative solutions from inception to mass production, such as Ready-to-Freeze (RTF) alcoholic snowballs, make it a harbinger in the “bag market”, which Iconic believes is one of the fastest growing segments of the beverage industry. TopPop’s owned apps have made it a leading provider of these products and services, from “design to delivery,” to some of today’s largest Fortune 500 multinational liquor companies and brands.

The company is vertically integrated with operations in multiple countries and sells and distributes products worldwide.

Please visit Iconic’s websites and follow us on social media.

Websites: Iconicbrandsusa.com; bellissimaprosecco.com; bivivodka.com; toppoppkg.com; sonjasangria.com

Twitter: @BiviVodka; Tweet embed

Instagram: IconicBrandsUSA; Embed Tweet Embed Tweet Embed Tweet

forward-looking statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of management’s current beliefs, expectations and assumptions, are not guarantees of performance, and are subject to significant risks and uncertainties. Therefore, such forward-looking statements should be viewed in light of various risks, including those set forth in Iconic’s reports it makes from time to time with the US Securities and Exchange Commission and which you should review, including those statements under “Element 1A” – Factors Risk” in Iconic’s most recent annual report on Form 10-K and quarterly report on Form 10-Q.

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