TerraVest Industries, Inc. (TSE:TVK) has released an update.
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TerraVest Industries Inc. has launched a $65 million bought deal offering, issuing 870,000 common shares at $74.25 each to fund debt repayment and future acquisitions. The company has also offered an over-allotment option for underwriters, potentially raising the total proceeds to $74.28 million, with the deal set to close around May 15, 2024. This strategic move aims to bolster TerraVest’s balance sheet for ongoing investment and long-term acquisition plans.
For further insights into TSE:TVK stock, check out TipRanks’ Stock Analysis page.
