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.

Cambria Gold Mines — sponsored Sponsored · Cambria Gold Mines

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

The Red Cloud Fall Mining Showcase 2026 | Day 1

Can an Old Irish Mine Recover the Silver It Left Behind? | Julian Vickers – Northmin Corporation

Is Gold at $4,000 a Buy Zone or a Breakdown? | David Morgan

Recommended

Police Contain ‘Active Threat’ at University of Toronto Mississauga Residence

McLaren Resources Launches Satellite Targeting Program Across Three Timmins Area Gold Properties

Related News

Dating App Grindr Swipes Right To Potential US$2.1 Billion SPAC Merger

LGBTQ+ dating app Grindr announced on Monday the potential business combination agreement with special purpose...

Tuesday, May 10, 2022, 02:25:00 PM

Biotech Firm HilleVax Prices US$200 Million IPO

Biopharmaceutical company HilleVax, Inc. (Nasdaq: HLVX) began trading on the Nasdaq Global Select Market on...

Monday, May 2, 2022, 02:25:00 PM

Chinese Medical Manufacturer Meihua International Prices Downsized US$36 Million Nasdaq IPO

Chinese disposable medical devices manufacturer Meihua International Medical Technologies Co. (Nasdaq: MHUA) announced on Wednesday...

Thursday, February 17, 2022, 02:21:00 PM

Shein Reportedly Filed $63 Billion London IPO Amid U.S. Regulatory Hurdles

Online fashion retailer Shein has confidentially filed papers for a potential listing in London, a...

Monday, June 24, 2024, 09:02:00 AM

Electric Vehicle Maker Phoenix Motorcars Bats For Nasdaq IPO

Phoenix Motor Inc. is looking to join the list of electric vehicle manufacturers going public....

Monday, November 29, 2021, 02:10:00 PM