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home / news releases / EDSA - Edesa Bio secures $10M capital raise


EDSA - Edesa Bio secures $10M capital raise

Edesa Biotech's (EDSA) underwriter has increased the size of the previous offering and purchase ~1.6M common shares at $6.40/share.Expected gross proceeds are $10M.Underwriter's over-allotment is an additional ~234.4K shares. Net proceeds will be used for general corporate purposes, including working capital and R&D expenses. H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.Closing date is March 2.

For further details see:

Edesa Bio secures $10M capital raise
Stock Information

Company Name: Edesa Biotech Inc.
Stock Symbol: EDSA
Market: NASDAQ
Website: edesabiotech.com

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