- Very Good Food Company Inc VGFC has priced the registered direct offering of 15 million units at $2.00 per unit. Each unit consists of one common share and one-half of one Common Share purchase warrant.
- The company expects $30 million in gross proceeds through agreements with institutional investors to purchase and sell the units.
- Each Warrant shall entitle the holder to purchase one Common Share at an exercise price of $2.35. The Warrants will be exercisable for five years from the closing of the offering.
- The company intends to use the proceeds from the offering to scale its operations, expand its geographical reach, accretive acquisitions, among others.
- The offering is expected to close on or about October 19, 2021.
- Price Action: VGFC shares are trading lower by 21.4% at $1.8 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
