Nasdaq-listed AquaBounty Technologies on Friday announced the pricing of another underwritten public offering of 2.5 million shares of common stock at a price of $2.25 (€2) per share.
In addition, the company has granted the underwriters of the offering a 45-day option to purchase up to 383,188 additional shares at the public offering price.
AquaBounty expects to raise approximately $5.7 million (€5.1 million) from the offering, which is expected to close on April 9.
The company expects to use the proceeds of this offering to fund working capital costs associated with growing fish at its sites in Indiana, United States, and Rollo Bay, in Canada.
