AP NEWS

Level Brands, Inc. Announces Pricing of $6 Million Public Offering

September 28, 2018

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sep 28, 2018--Level Brands, Inc. (NYSE American: LEVB) (the “Company”), an innovative marketing and licensing company that provides bold, unconventional, and socially responsible branding for leading businesses, today announced the pricing of an underwritten public offering of 1,714,286 shares of common stock at a public offering price of $3.50 per share. The estimated gross proceeds to the Company are expected to be approximately $6,000,000 prior to deducting underwriting discounts, commissions and other estimated offering expenses. The Company intends to use the net proceeds from the offering for brand development and expansion, acquisitions and general working capital.

The Company has granted the representative a 45-day option to purchase up to 257,142 additional shares of common stock to cover over-allotments, if any. The offering is expected to close on Tuesday, October 2, 2018, subject to satisfaction of customary closing conditions.

ThinkEquity, a division of Fordham Financial Management, Inc., is acting as sole book-running manager for the offering.

The Securities and Exchange Commission (“SEC”) declared effective a registration statement on Form S-1 relating to these securities on September 28, 2018, which includes a preliminary prospectus relating to the offering. A final prospectus will be filed with the SEC. The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained, when available, by contacting ThinkEquity, 17 State Street, 22 nd Floor, New York, NY 10004, telephone (646) 968-9355, email: prospectus@think-equity.com. Investors may also obtain these documents at no cost by visiting the SEC’s website at  http://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Level Brands, Inc. ( www.LevelBrands.com )

Level Brands is an innovative marketing and licensing company that provides bold, unconventional, and socially responsible branding for leading businesses. The focus of LEVB is licensing and corporate brand management for consumer products, including art, beauty, fashion, the beverage space, health and wellness, and entertainment. License brand marketing is at the core of the Level Brands businesses: kathy ireland ® Health & Wellness; Ireland Men One (I’M1), a men’s lifestyle brand established to capitalize on potentially lucrative licensing and co-branding opportunities with brands focused on millennials; Encore Endeavor One (EE1), a provider of corporate brand-management services and producer of experiential entertainment events and products across multiple platforms.

Forward-Looking Statements

This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as ″should,″ ″may,″ ″intends,″ ″anticipates,″ ″believes,″ ″estimates,″ ″projects,″ ″forecasts,″ ″expects,″ ″plans,″ and ″proposes″ and include the statement regarding the intended use of proceeds. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, our material dependence on our relationship with kathy ireland ® Worldwide, our limited operating history, our ability to expand our business and significantly increase our revenues and our ability to report profitable operations in future periods, among others. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Level Brands, Inc.’s Annual Report on Form 10-K for the fiscal year ended September 30, 2017 as filed with the Securities and Exchange Commission (the “SEC”) on December 26, 2017 and our other filings with the SEC. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of Level Brands and are difficult to predict. Level Brands, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180928005069/en/

CONTACT: Level Brands, Inc.

Mark S. Elliott, 704-362-6345

Chief Financial Officer and Chief Operating Officer

KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA

INDUSTRY KEYWORD: OTHER CONSUMER ENTERTAINMENT LICENSING (ENTERTAINMENT) HEALTH FITNESS & NUTRITION RETAIL COMMUNICATIONS COSMETICS MARKETING CONSUMER

SOURCE: Level Brands, Inc.

Copyright Business Wire 2018.

PUB: 09/28/2018 09:15 AM/DISC: 09/28/2018 09:15 AM

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