Irving-based freeze-dried candy and treat company Sow Good Inc., announced the appointment of Keith Terreri as permanent chief financial officer, beginning Dec. 4, and said it completed a $2.77 million private placement raised from 426,288 newly issued shares.
The share price of $6.50 represents a 30% premium to Sow Good’s last equity raise in September 2023, the company said. The additional flexibility this raise provides will help it meet growing customer demand.
Before joining Sow Good, Terreri was executive vice president of business operations at NEC Corp. of America in Irving. Previously, he spent eight years as NEC’s CFO, and for four of those years, he managed the IT department.
Prior to NEC, Terreri was the treasurer for five private and public companies, two of which he helped take public and were subsequently sold.
“Keith brings extensive accounting and public company experience to Sow Good. We believe this appointment will further enhance our financial controls and our work to optimize our operational infrastructure,” Sow Good CEO Claudia Goldfarb said in a statement. “We look forward to working alongside Keith to advance our strategic growth initiatives.”
Sow Good has harnessed the power of its proprietary freeze-drying technology and product-specialized manufacturing facility to transform traditional candy into a novel everyday confectionaries subcategory that its calls freeze dried candy.
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