ACB - Aurora Stock Plunges On $25M Bought Deal To Repay Convertible Debt | Benzinga
Canadian cannabis giant Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) entered into an agreement under which Canaccord Genuity has agreed to buy, on a bought deal basis, 46.25 million company shares at a price of CA$0.73 ($0.54) per share, for aggregate gross proceeds to Aurora of approximately CA$33.76 million.
Aurora has also granted Canaccord Genuity an option to purchase up to 6,94 million additional shares on the same terms as the offering. If the over-allotment option is exercised in full, the aggregate gross proceeds of the offering ...