Applied UV Inc AUVI shares are trading lower by 43% to $0.15 Tuesday morning after the company announced pricing of its public offering, expecting about $6.4 million in gross proceeds before expenses.
The offering, upsized from $6.0 million, includes units priced at $0.15 each, with options for Aegis Capital Corp. to purchase additional shares and warrants to cover over-allotments.
The company plans to use the funds for repaying notes and general corporate needs. The offering is set to close on November 16, pending standard closing conditions.
See Also: Applied UV Announces Pricing of $6.4 Million Upsized Underwritten Public Offering
According to data from Benzinga Pro, AUVI has a 52-week high of $9.70 and a 52-week low of $0.15.
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