NEPT - Neptune Wellness launches $6M registered direct offering and concurrent private placement

• Health and wellness company Neptune Wellness Solutions ( NASDAQ: NEPT ) ( TSX: NEPT:CA ) is launching a $6M registered direct offering and concurrent private placement.
• The company has entered into definitive agreements with institutional investors for the purchase and sale of 3,208,557 shares and warrants to purchase up to 6,417,114 shares.
• The combined purchase price for one share and one warrant will be $1.87.
• The warrants will have an exercise price of $1.62 per share.
• The net proceeds are expected to be used for working capital and other general corporate purposes.
• The offering and private placement are expected to close on or about Oct. 11.
• Source: Press Release

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