LEXX - Lexaria Bioscience prices $2.0M stock offering

2023-05-09 04:02:56 ET

• Lexaria Bioscience ( NASDAQ: LEXX ) notifies pricing of its public offering of 2.11M units, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock.
• Each unit is being sold at a public offering price of $0.95.
• The warrants will be immediately exercisable at a price of $0.95/share and will expire five years from the date of issuance.
• The shares of common stock and accompanying warrants can only be purchased together in this offering, but will be issued separately and will be immediately separable upon issuance.
• Gross proceeds are expected to be ~$2.0M.
• Offering is expected to close on May 11, 2023.
• Shares are up 1.46% after-hours on Monday.
• Source: Press Release

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