Business
Biotech and hemp firm to raise $35 million in registered direct offering
Agriculture biotechnology firm 22nd Century Group announced a registered direct offering of shares to raise expected gross proceeds of $35 million.
The offering to institutional investors will sell more than 17 million 22nd Century shares for $2.05 per share and issue warrants exercisable to purchase 17 million more shares at the same price for five years, 22nd Century said in a news release.
Agriculture biotechnology firm 22nd Century Group announced a registered direct offering of shares to raise expected gross proceeds of $35 million.
The offering to institutional investors will sell more than 17 million 22nd Century shares for $2.05 per share and issue warrants exercisable to purchase 17 million more shares at the same price for five years, 22nd Century said in a news release.
Agriculture biotechnology firm 22nd Century Group announced a registered direct offering of shares to raise expected gross proceeds of $35 million.
The offering to institutional investors will sell more than 17 million 22nd Century shares for $2.05 per share and issue warrants exercisable to purchase 17 million more shares at the same price for five years, 22nd Century said in a news release.
Source: https://mjbizdaily.com/biotech-and-hemp-firm-to-raise-35-million-in-registered-direct-offering/