Nasdaq-listed AquaBounty Technologies on Tuesday announced it has closed on an underwritten public offering of 2.5 million shares of common stock at a price of $2.25 (€2) per share.
The gross proceeds to AquaBounty from the offering are around $5.75 million (€5.11 million), before deducting underwriting discounts and commissions and offering expenses, the company said.
The company said it will use the proceeds towards working capital costs associated with growing its first batches of fish at its Indiana and Rollo Bay farm sites.
