ASAN - Asana sells $350M class A shares to CEO in private placement
- Asana ( NYSE: ASAN ) said Wednesday it sold $350M of class A shares to its CEO Dustin Moskovitz in a private placement.
- The ~19.3M class A shares sold was determined based on ASAN's closing price on Sept. 2.
- ASAN expects to use net proceeds from the private placement for working capital and general corporate purposes.
- The company also reported Q2 results that were slightly above Street estimates .
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Asana sells $350M class A shares to CEO in private placement