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

Why Copper Juniors Could Explode After This Trade War Move | Christian Easterday – Hot Chili

Silver Is Rarer Than Gold, And the Market’s Waking Up | Shawn Khunkhun – Dolly Varden Silver

Gold Will Hit North of $4,000: Who’s Actually Producing? | Shane Williams – West Red Lake

Recommended

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Related News

Mining Firm Austin Gold Prices US$13 Million IPO

Gold exploration company Austin Gold Corp. (NYSE: AUST) began trading on the New York Stock...

Wednesday, May 4, 2022, 02:20:00 PM

Healthcare SPAC DTRT Health Acquisition Prices US$200 Million IPO

Blank check company DTRT Health Acquisition Corp. (Nasdaq: DTRTU) went public today on the Nasdaq...

Thursday, September 2, 2021, 12:57:00 PM

Financial SPAC FG Acquisition Announces US$100 Million TSX IPO

Blank check firm FG Acquisition is looking to go public on the Toronto Stock Exchange....

Tuesday, March 22, 2022, 02:18:00 PM

Energy SPAC Kimbell Tiger Acquisition Prices US$200 Million IPO

Blank check company Kimbell Tiger Acquisition Corporation (NYSE: TGR.U) went public today on the New...

Friday, February 4, 2022, 02:28:00 PM

Cannabis SPAC Canna-Global Acquisition Prices US$200 Million IPO

Special purpose acquisition company Canna-Global Acquisition Corp. (Nasdaq: CNGLU) started trading publicly on the Nasdaq...

Wednesday, December 1, 2021, 04:19:00 PM