U.S. Securities and Exchange Commission (SEC)
Official Release: https://www.sec.gov/files/litigation/admin/2026/34-106285.pdf
NEWS:
The SEC's September 4, 2026 order, Release No. 34-106285, opens a proceeding under Section 12(j) of the Securities Exchange Act against NewAge, Inc. The SEC identifies NewAge as a Delaware corporation located in Midvale, Utah, with a class of securities registered under Section 12(g). Its last periodic filing, according to the order, was a Form 10-Q for the quarter ended September 30, 2021.
The Division of Enforcement alleges that the company repeatedly failed to meet its periodic reporting obligations and did not heed a delinquency letter seeking compliance—or may not have received it because it failed to maintain a valid address on file with the SEC. Unlike several other issuers named in similar proceedings, the order specifically states that NewAge common stock is not publicly quoted or traded.
The proceeding will determine whether the allegations are true and whether the registration of NewAge's securities should be suspended for up to 12 months or revoked. The order gives the company an opportunity to answer and present defenses; it is not a final ruling on the allegations.
KEY POINTS:
- SEC Release No. 34-106285, administrative file No. 3-22705, is dated September 4, 2026.
- The SEC alleges NewAge has not filed periodic reports since its September 30, 2021 Form 10-Q.
- NewAge is identified as a Delaware corporation based in Midvale, Utah; the order says its common stock is not publicly quoted or traded.
- The alleged reporting violations concern Exchange Act Section 13(a) and Rules 13a-1 and 13a-13.
- Possible outcomes include suspension for up to 12 months or revocation of the securities' registration; the proceeding is pending.