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AQST - Aquestive Therapeutics to raise $8.5M in equity offering
Aquestive Therapeutics Inc.
Aquestive Therapeutics (NASDAQ:AQST) +1.5% announced Monday a direct stock offering worth $8.5M, comprising of 8.85M shares priced at $0.96 each. It will also include the warrants to purchase up to an aggregate of 8.85M shares for 5-year term, exercisable at a purchase price of $0.96 per share. The company intends to use the net proceeds for general corporate purposes. Closing of the offering is expected on June 8, 2022. Earlier (May 17): Aquestive Therapeutics CEO Keith Kendall to resign