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.

Silver47 Exploration Inc. — sponsored Sponsored · Silver47 Exploration Inc.

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

Everybody Should Own Gold | George Bee – U.S. Gold Corp.

A $40M Company Created $2B in Mining Value | John-Mark Staude – Riverside Resources

The Debt Crisis Is Turning Gold Into Money | Shawn Khunkhun – Contango Silver and Gold

Recommended

Northmin Wins Competitive Bid for Historic Keel Zinc-Silver-Lead Deposit in Ireland

Brixton Hits 348 g/t Silver Over 23.5 Metres as Langis Shaft 6 Southeast Zone Extends South

Related News

RAW Rolling Papers Founder Josh Kesselman Eyes Unique IPO With QR Code Shares

Josh Kesselman, the founder and CEO of RAW Rolling Papers, has unveiled an unconventional vision...

Tuesday, June 11, 2024, 01:20:00 PM

Winery Co-founded By Actresses Nina Dobrev, Julianne Hough Fresh Vine Prices US$22 Million IPO

Napa Valley winery Fresh Vine Wine, Inc. (NYSE: VINE) began trading on the New York...

Tuesday, December 14, 2021, 02:16:00 PM

Farmers Edge: Canaccord, National Bank Initiate With $25 Price Target

Early this month Farmers Edge inc (TSX: FDGE) completed their $125 million IPO on the...

Friday, March 26, 2021, 11:41:00 AM

Holtec IPO Poised At $10B, Could Be Nuclear’s Largest

Holtec International has filed confidentially with the SEC to go public, positioning what could be...

Monday, February 16, 2026, 08:46:00 AM

Radiation Oncology Firm Shuttle Pharmaceuticals Prices US$10 Million IPO

Pharmaceutical company focused on radiation therapy treatment Shuttle Pharmaceuticals Holdings, Inc. (Nasdaq: SHPH) started trading...

Thursday, September 1, 2022, 02:21:00 PM