CN Energy Group ( NASDAQ: CNEY ) prices an underwritten public offering with gross proceeds to the company expected to be ~$10M.
The offering consists of 18.18M units/pre-funded units consisting of (a) one Class A ordinary share and one warrant to purchase one Class A ordinary share at a price to the public of $0.55 per share and warrant.
Underwriters a 45-day option to purchase up to an additional 15% of ordinary shares and/or warrants
The company intends to use the net proceeds for general corporate purposes, including, but not limited to, working capital.
The offering is expected to close on February 01, 2023.
For further details see:
CN Energy prices $10M public offering