New ETF Book by Larry Connors - Click here to read more
With the exercise of this option the underwriter has purchased an additional 375,000 shares at the public offering price of USD6.00 per share, raising an additional USD2.25m.
This means that the company has sold a total of 2,875,000 shares of common stock in the public offering and raised aggregate net proceeds of approximately USD15.9m.
The proceeds will be used for general working capital purposes and to fund acquisitions and other strategic opportunities.
Roth Capital Partners LLC acted as the sole underwriter of the public offering.
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