Zevia Announces $20 Million Growth Equity Investment
Key Highlights
- ➤$20 million growth equity investment funds Zevia’s strategic reset
- ➤Q3 2026 net sales expected at approximately $48 million, above $44 million-$46 million guidance
- ➤Q3 2026 adjusted EBITDA expected negative $900 thousand to negative $1.0 million, above guidance
- ➤Series A preferred stock converts at 120% of preceding 10-day VWAP
- ➤GP Investments receives a board seat and preferred stock carries a 6% PIK dividend
Expert Statements
Alexandre Ruberti, Chief Executive Officer of Zevia
“This growth equity investment marks an important milestone in Zevia’s evolution and provides the capital, strategic resources, and operational expertise to accelerate our medium- and long-term growth agenda”
Alexandre Ruberti, Chief Executive Officer of Zevia
“GP Investments brings a proven blueprint for building category-leading consumer businesses. The firm, founded in the early 1990s by the entrepreneurs behind ABInbev and 3G, brings that DNA blending active ownership, operational excellence, and disciplined capital allocation.”
Rodrigo Boscolo, CEO of GP Investments
“We are thrilled to partner with Zevia and help support accelerated profitable growth. The team’s execution strengths and clear growth plan give us confidence in Zevia’s potential to become a leading everyday alternative to traditional soda, as consumers increasingly seek healthier options without artificial sweeteners.”
Rodrigo Boscolo, CEO of GP Investments
“As a healthier clean label better for you beverage alternative with a loyal consumer base and established retail presence, Zevia has a strong foundation to broaden its reach by expanding single-can availability, extending distribution and developing products for new consumption occasions.”
Girish Satya, Chief Financial Officer of Zevia
“Following a transformational two-year period focused on streamlining and strengthening the business, we now have a solid foundation to execute our next phase of growth”
Girish Satya, Chief Financial Officer of Zevia
“This financing represents a pivotal step in that evolution, creating additional balance-sheet capacity, bringing in a seasoned investor with a strong track record of success across a broad range of consumer sectors and providing the flexibility to accelerate and capitalize on the tremendous opportunity to become the most trusted and chosen better-for-you brand in every category we serve.”
Provides Preliminary Third Quarter 2026 Results Ahead of Previous Guidance
Zevia PBC (“Zevia” or the “Company”) (NYSE:ZVIA), the Company that provides naturally delicious, zero sugar better-for-you beverages, today announced that it has entered into a definitive agreement with a fund managed by GP Investments Ltd. (collectively, “GP Investments”) to issue convertible preferred stock in exchange for $20 million of growth equity to fund key strategic priorities to drive meaningful long-term value creation for shareholders.
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