Monster cautions that these statements are based on management’s current knowledge and expectations and are subject to certain risks and uncertainties, many of which are outside of the control of Monster that could cause actual results and events to differ materially from the statements made herein. federal securities laws, as amended, regarding the expectations of management with respect to our future operating results and other future events including revenues and profitability. In addition to one of the top energy drink brands in the U.S., Bang Energy, the company’s premium quality products include keto-friendly Meltdown®, Quash®, Vooz™ and Redline®.Ĭertain statements made in this announcement may constitute “forward-looking statements” within the meaning of the U.S. Since 1993, Florida-based Vital Pharmaceuticals, Inc., d/b/a Bang Energy and as VPX Sports, has developed delicious performance beverages, supplements, and workout products to fuel high-energy lifestyles. For more information visit About Bang Energy The Company’s subsidiaries also develop and market craft beers, hard seltzers and flavored malt beverages under a number of brands, including Jai Alai® IPA, Dale’s Pale Ale®, Dallas Blonde®, Wild Basin® hard seltzers and The Beast Unleashed™. The Company’s subsidiaries also develop and market still and sparkling waters under the Monster® Tour Water™ brand name. The Company’s subsidiaries develop and market energy drinks, including Monster Energy® drinks, Monster Energy Ultra® energy drinks, Juice Monster® Energy + Juice energy drinks, Java Monster® non-carbonated coffee + energy drinks, Rehab® Monster® non-carbonated energy drinks, Monster Hydro® non-carbonated refreshment + energy drinks, Monster Energy® Nitro energy drinks, Reign Total Body Fuel® high performance energy drinks, Reign Inferno® thermogenic fuel high performance energy drinks, Reign Storm® clean energy drinks, NOS® energy drinks, Full Throttle® energy drinks, BPM® energy drinks, BU® energy drinks, Burn® energy drinks, Gladiator® energy drinks, Live+® energy drinks, Mother® energy drinks, Nalu® energy drinks, Play® and Power Play® (stylized) energy drinks, Relentless® energy drinks, Samurai® energy drinks, Ultra Energy® drinks, Predator® energy drinks and Fury® energy drinks. C Street Advisory Group is acting as strategy and communications advisor to Bang Energy.īased in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. Huron Consulting Group is acting as financial advisor, Rothschild & Co is acting as investment banker, and Latham & Watkins LLP and Berger Singerman LLP are acting as legal counsel to Bang Energy. Bankruptcy Code in October 2022.Įvercore Group LLC is acting as investment banker and Pachulski Stang Ziehl & Jones LLP and Akerman LLP are acting as legal counsel to Monster. Bang Energy filed for Chapter 11 protections under the U.S. While Monster is hopeful that the Transaction will be completed, there is no guarantee that it will receive Bankruptcy Court approval. Under the terms of the APA, subject to satisfaction of certain closing conditions, Monster will acquire Bang Energy’s performance beverages and related Bang Energy businesses through the purchase of substantially all of Bang Energy’s assets. The Transaction is subject to certain terms and closing conditions, which include obtaining Bankruptcy Court approval. (together with certain of its debtor affiliates, “Bang Energy”) today announced they have entered into an Asset Purchase Agreement (“APA” or “Agreement”) under which a subsidiary of Monster would acquire substantially all of Bang Energy’s assets, including a beverage production facility located in Phoenix, AZ (the “Transaction”). This product is age restricted to 16 years or over.CORONA, Calif.-( BUSINESS WIRE)-Monster Beverage Corporation (NASDAQ: MNST) (“Monster”) and Vital Pharmaceuticals, Inc. We support the responsible sale of energy drinks - we do not market sample nor promote energy drinks to under-16s. Not recommended for children, pregnant or breastfeeding women or people sensitive to caffeine (30mg/100ml).
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