OrganiGram Holdings (TSE:OGI) has released an update.
Organigram Holdings Inc. has announced an overnight marketed public offering of 7.74 million Units at C$3.23 each, aiming to raise approximately C$25 million. This offering, which is anticipated to close around April 2, 2024, includes an over-allotment option for underwriters and will potentially fund the company’s growth and general corporate needs. Each Unit consists of one common share and half of a common share purchase warrant, exercisable at C$3.65 over four years.
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