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Know Labs (KNW) has provided an update.
Know Labs, Inc. successfully completed a registered public offering on August 9, 2024, with Boustead Securities, LLC and The Benchmark Company, LLC as underwriters. The offering included over 13 million units, each composed of one share of common stock and a warrant to purchase additional stock at $0.26 per share. This initiative raised approximately $3.445 million, potentially reaching $3.961 million if an over-allotment option is fully exercised. The company also agreed to several terms including indemnification for the underwriters, a lock-up period for selling shares by company insiders, and a right of first refusal for the underwriters for future financings for a year.
See more insights into KNW stock on TipRanks’ Stock Analysis page.
