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HUGE - FSD Pharma suffers on $9.5M registered direct offering
FSD Pharma Inc.
FSD Pharma (HUGE) to sell 4,318,179 Class B subordinate voting shares of the company and warrants to purchase 3,454,543 shares at $2.20/share in a registered direct offering.The warrants exercisable immediately at $2.60 /share and will expire five years from the date of issuance.Offering is expected to occur on or about October 20, 2020.Underwriters' over-allotment is an additional $10M of securities.Shares down 17% premarket.