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KBNT - Kubient closes fully exercised public offering
Kubient Inc.
Kubient (KBNT) closes its previously announced underwritten public offering of 3,529,411 shares priced at $5.10/share.The underwriters fully exercised the option to purchase an additional 529,411 shares.Kubient expects to receive net proceeds of approximately $18.8M. About $80,000 of the proceeds will go toward paying down debt and the rest for general corporate purposes.Kubient priced the offering last week before the holiday break.