LXRP - Lexaria announces closing of $11M public offering

Lexaria Bioscience (LXRP) closes previously announced underwritten public offering of 1,828,571 units at a public offering price of $5.25 per unit.The gross proceeds from the offering were about $11.04M, before deducting underwriting discounts and estimated offering expenses.Each unit in the offering consists of one share of common stock and one warrant to purchase one share of common stock, with the warrants having an exercise price of $6.58 per share.Lexaria had announced plans to bring into effect a reverse stock split of its common stock earlier this month.

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Lexaria announces closing of $11M public offering