AUVI - Applied UV prices ~$5M underwritten public offering of shares
2023-06-16 09:05:16 ET
- Food security company Applied UV ( NASDAQ: AUVI ) said on Friday that it priced an ~$5M underwritten public offering of 5M shares and pre-funded warrants.
- The offering involves a public offering price of $1.00 per share.
- Additionally, the company has granted the underwriter a 45-day option to purchase up to an additional 750,000 shares at the public offering price per share.
- The net proceeds are expected to be used for general corporate purposes, including new investments.
- AUVI shares were trading -42.63% pre-market.
- Source: Press Release
For further details see:
Applied UV prices ~$5M underwritten public offering of shares