NEPT - Neptune Wellness Solutions prices $4.5M offering

2023-09-22 02:58:26 ET

• Consumer-packaged goods company Neptune Wellness Solutions ( NASDAQ: NEPT ) priced public offering of 1.8M shares and accompanying warrants to purchase up to an aggregate of 1.8M shares at a combined public offering price of $2.50 per share and accompanying warrant.
• Gross proceeds of ~$4.5M.
• The warrants have an exercise price of $2.50 per share, are immediately exercisable upon issuance and will expire five years following the date of issuance.
• The closing of the offering is expected to occur on or about September 26, 2023.
• The company plans to use the proceeds of the offering for working capital, including for payment of accounts payable due to suppliers.

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