GBNH - Why Greenbrook (GBNH) Stock Is Trading Sharply Lower | Benzinga
Greenbrook TMS Inc (NASDAQ:GBNH) shares are trading lower by 44.5% to $0.21 during Thursday’s session after the company announced a registered direct offering in which institutional investors will purchase 6 million common shares at $0.20 per share.
This offering will result in gross proceeds of around $1.2 million. The offering is expected to close on February 26, pending customary closing conditions. The net proceeds will be utilized for working capital and general corporate purposes.
A.G.P./Alliance Global Partners is the sole placement agent for the offering.
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