ACB - Aurora Cannabis raises C$34M to repay remaining convertible debt balance
2023-09-28 07:44:46 ET
- Aurora Cannabis ( NASDAQ: ACB ) has entered into an bought deal agreement pursuant to which Canaccord Genuity has agreed to buy 46.25M common shares at C$0.73 per share for aggregate gross proceeds of ~C$33.76M.
- Canaccord Genuity has an option to purchase up to 6.93M additional common shares.
- Net proceeds will be used to repay the remainder of its outstanding convertible senior notes, representing principal outstanding of ~US$25M, with the remainder, if any, to be used for strategic purposes, including potential acquisitions.
- Closing date is October 3, 2023.
- ACB -8.2% premarket to $0.6121
- Source: Press Release
For further details see:
Aurora Cannabis raises C$34M to repay remaining convertible debt balance