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ELBM - Electra Battery Materials slides on ~$8M equity offering
Electra Battery Materials Corporation
Electra Battery Materials ( NASDAQ: ELBM ) shares fell 23% Wednesday morning after the company announced plans to undertake an ~$8M equity offering.
Each unit is expected to consist of one common share in the capital of the company and one full warrant to purchase one common share for a period of 36 months for expected gross proceeds of up to approximately US$8M.
Price per unit and final terms are to be determined in the context of the market.