$NEPT 1.60 Closes C$5-Million Registered Direct Of
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Posted On: 06/24/2022 9:12:54 AM
$NEPT 1.60 Closes C$5-Million Registered Direct Offering
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Neptune Wellness Solutions Closes C$5-Million Registered Direct Offering
MT NEWSWIRES 2:52 PM ET 6/23/2022
Symbol Last Price Change
NEPT 1.6up 0 (0%)
QUOTES AS OF 04:00:00 PM ET 06/23/2022
02:52 PM EDT, 06/23/2022 (MT Newswires) -- Neptune Wellness Solutions(NEPT) on Thursday said it closed a registered direct offering of share units that raised C$5 million.
The company said it placed 1.95-million units it the offer, with each priced at C$2.57 and made up of a share and two warrants to buy a share for C$2.32, with one expiring in two years and the second expiring in five years.
"Neptune intends to use the net proceeds from the offering for working capital and other general corporate purposes," it said in a release.
The company's shares were last seen down C$0.04 to C$2.14 on the Toronto Stock Exchange.
Price: 2.16, Change: -0.02, Percent Change: -0.92
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
©http://www.mtnewswires.com Copyright © 2022 MT Newswires. All rights reserved.
All Content and Data provided by Third-Parties — Terms of Use
Neptune Wellness Solutions Closes C$5-Million Registered Direct Offering
MT NEWSWIRES 2:52 PM ET 6/23/2022
Symbol Last Price Change
NEPT 1.6up 0 (0%)
QUOTES AS OF 04:00:00 PM ET 06/23/2022
02:52 PM EDT, 06/23/2022 (MT Newswires) -- Neptune Wellness Solutions(NEPT) on Thursday said it closed a registered direct offering of share units that raised C$5 million.
The company said it placed 1.95-million units it the offer, with each priced at C$2.57 and made up of a share and two warrants to buy a share for C$2.32, with one expiring in two years and the second expiring in five years.
"Neptune intends to use the net proceeds from the offering for working capital and other general corporate purposes," it said in a release.
The company's shares were last seen down C$0.04 to C$2.14 on the Toronto Stock Exchange.
Price: 2.16, Change: -0.02, Percent Change: -0.92
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
©http://www.mtnewswires.com Copyright © 2022 MT Newswires. All rights reserved.
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