- Enservco ( NYSE: ENSV ) priced its best efforts public offering of 7M shares along with common warrants at a combined public offering price of $0.50/share and accompanying warrant.
- The common warrants will have an exercise price of $0.55/share will be exercisable immediately post issuance date and five years from issuance date.
- Gross proceeds are estimated at ~$3.5M; net proceeds to be used for general corporate purposes, which may include repayment of debt and potential acquisitions.
- Offer is expected to close on or about Feb.27, 2023.
For further details see:
Enservco prices $3.5M in stock offering