Curaleaf Holdings (CSE: CURA) this morning released the pricing of its previously announced overnight marketed offering. The company through the offering intends to raise C$275.6 million, via the issuance of securities at a price of $16.70 per share.
The offering is to consist only of subordinate voting shares, with no warrant being attached to the financing. As a result, a total of 16.5 million subordinate voting shares are to be sold under the offering, with the underwriters having been granted a 15% over-allotment option that is valid for a period of 30 days from the date of issuance.
The offering is currently anticipated to be closed by January 12, 2021. Net proceeds from the offering are to be used for working capital and general corporate purposes.
Curaleaf Holdings last traded at $17.48 on the CSE.
Information for this briefing was found via Sedar and Curaleaf Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
