AquaBounty Technologies on Monday announced it has launched a proposal for a new share issue on the NASDAQ, with the hope of raising approximately $7.5 million (€6.6 million).

The company announced the pricing of its underwritten public offering of 3,345,282 shares of common stock at a price to the public of $2.25 (€2) per share.

It hopes to receive aggregate gross proceeds of approximately $7.5 million (€6.6 million) from the offering, which is expected to close on or about March 21, 2019.