Generex Bio files for equity offering Jun. 15, 20
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Posted On: 06/15/2020 2:24:27 PM
Generex Bio files for equity offering
Jun. 15, 2020 1:50 PM ET|About: Generex Biotechnology ... (GNBT)|By: Douglas W. House, SA News Editor
Generex Biotechnology (OTCQB:GNBT -3.2%) has filed a preliminary prospectus for an offering of 1M shares of Series A cumulative redeemable perpetual preferred stock at $33 per share and warrants to purchase up to 100K common shares at $15 per share.
One two-year warrant will be issued for every 10 Series A share purchased.
The Series A stock will pay out a hefty 13% per year.
Jun. 15, 2020 1:50 PM ET|About: Generex Biotechnology ... (GNBT)|By: Douglas W. House, SA News Editor
Generex Biotechnology (OTCQB:GNBT -3.2%) has filed a preliminary prospectus for an offering of 1M shares of Series A cumulative redeemable perpetual preferred stock at $33 per share and warrants to purchase up to 100K common shares at $15 per share.
One two-year warrant will be issued for every 10 Series A share purchased.
The Series A stock will pay out a hefty 13% per year.
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