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.
For further details see:
Neptune Wellness Solutions prices $4.5M offering