Farmers Edge Sees Exercise Of Over-Allotment Option, Bringing IPO Proceeds To $143.8 Million

Farmers Edge (TSX: FDGE) has seen further capital inflows in connection with its initial public offering. The firm this morning announced that it has now received an additional $18.8 million in funds as a result of the full exercise of its over-allotment option that was issued in connection with the financing.

A total of 1.1 million common shares were issued under the over-allotment option, bringing in $18,750,150 in additional funds, with common shares of the issuer sold at a price of $17.00 each. The additional sale brings total gross proceeds from the initial public offering, or IPO, to $143.8 million.

Farmers Edge last traded at $16.47 on the TSX.


Information for this briefing was found via Farmers Edge and Sedar. 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.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Nasdaq Stops Chinese Firms’ IPOs While Probe On Stock Rallies Ensues

The Nasdaq has halted the preparations for at least four small Chinese companies’ initial public...

Monday, October 24, 2022, 01:33:00 PM

Chinese Fund-Backed Marine SPAC Blue World Acquisition Prices US$80 Million IPO

Special purpose acquisition company Blue World Acquisition Corporation (Nasdaq: BWAQU) started trading publicly on the...

Tuesday, February 1, 2022, 02:28:00 PM

Ecommerce Firm GigaCloud Soars 206% Since US$36 Million Nasdaq IPO

B2B ecommerce solutions provider GigaCloud Technology Inc (Nasdaq: GCT) started trading on the Nasdaq Capital...

Monday, August 22, 2022, 02:41:00 PM

Swedish Fintech Klarna Reportedly Targets $14B In Revived US IPO

Klarna will restart its US IPO next month at a $13–$14 billion valuation, with shares...

Tuesday, August 26, 2025, 12:57:00 PM

Grill Maker Traeger Prices US$423.5 Million IPO

Outdoor cooking system maker Traeger Inc. (Nasdaq: COOK) started publicly trading on the New York...

Friday, July 30, 2021, 11:20:00 AM