Youngevity is offering up to $10,000,000 of their Series B Convertible 5% Dividend Preferred Stock
Youngevity International, Inc. ( NASDAQ : YGYI ), is a leading omni-direct lifestyle company -- offering a hybrid of the direct selling business model, that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, Youngevity offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services.
Youngevity seeks to raise up to $10,000,000 through the sale of Series B Convertible Preferred Stock. The Series B Convertible Preferred Stock will rank senior to our outstanding Series A Convertible Preferred Stock and Youngevity’s common stock, which trades on NASDAQ under the symbol YGYI. Youngevity is offering 1,052,632 Series B shares at $9.50 per share. Each share of Preferred Stock is convertible into 2 shares of YGYI common stock at $4.75 per share at anytime and automatically on its two year anniversary. In addition, we are offering each holder of Series B Convertible Preferred Stock a credit towards Youngevity merchandise equal to ten percent (10%) of the amount of their investment up to a maximum credit of $1,000.