Jeffrey Horowitz

Vitacost.com, Inc. announced that the Company has raised $34.8 million through a private placement offering. The offering was funded with $18.7 million from existing institutional investors and $16.1 million from JHH Capital, LLC, an entity formed by the Company’s Chief Executive Officer, Jeffrey Horowitz, for the purposes of this transaction. The Company issued an aggregate of 4,920,288 shares of Vitacost common stock at a purchase price of $7.04 per share, and warrants to purchase 1,680,601 shares of Vitacost common stock. The warrants have an exercise price of $7.04 per share and a four-year term. The proceeds from the financing

BOCA RATON, Fla. -- Vitacost.com, Inc. (NASDAQ: VITC), a leading online retailer and direct marketer of health and wellness products, announced that the Company received a letter from The NASDAQ Stock Market indicating that the Company has met the requirements for continued listing of the Company’s securities on The NASDAQ Stock Market. “We are pleased to announce that Vitacost.com is now in compliance with NASDAQ’s listing requirements,” commented Jeffrey Horowitz, Vitacost.com’s Chief Executive Officer. “We worked closely with NASDAQ during the time of the trading suspension and with the conclusion of our Annual Meeting, held July 5th, 2011,