- 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
For further details see:
Neptune Wellness launches $6M registered direct offering and concurrent private placement