MBII - Why Marrone Bio Innovations Stock Rose 12% Today
Shares of Marrone Bio Innovations (NASDAQ: MBII) rose today after the company announced it filed a shelf registration statement to potentially raise capital over the next three years.
As of 3 p.m. EST Monday afternoon, the stock was up 12%.
The agricultural provider of sustainable bioprotection and plant health solutions said today it filed a $90 million shelf registration statement to potentially sell various securities over a three-year period. The proceeds would be used to give Marrone Bio more flexibility to finance future business opportunities, the company said in a statement.
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Why Marrone Bio Innovations Stock Rose 12% Today