Saturday, May 31, 2025

Latest

Numinus Wellness Halts Stock For Trading Day To Announce $17 Million Financing Closing

After halting trading in its equity all day, Numinus Wellness (TSXV: NUMI) this evening finally released the much awaited news: the company has closed its $17.3 million financing. While not exactly the news hopeful shareholders were looking for, the closing of the financing appears to be the justification for the day-long halt.

The financing saw 25.4 million units of the company sold at a price of $0.68 each, with each unit containing one common share and one half of a common share purchase warrant. Each warrant is valid for a period of two years from the date of issue, with an exercise price of $0.90 per share. 3.3 million units sold under the offering were in connection with the full exercise of the over allotment option on the financing.

Net proceedings from the financing are to be used for clinic upgrades for clinical trials, lab upgrades, clinic acquisitions, R&D of protocols and general working capital.

The financing however did not come cheap, with the firm paying $1.0 million of the gross proceeds to the underwriters, in addition to 1.5 million compensation warrants issued at $0.68 per share, valid for a period of two years. The company also paid a $250,000 corporate finance fee, which was equally split between common shares at $0.68 per share, and cash.

The company also concurrently announced that it has raised $8.9 million in additional gross proceeds from the exercise of warrants and stock options, resulting in the firm having a strong cash position.

Numinus Wellness last traded at $1.25 on the TSX Venture.


Information for this briefing was found via Sedar and Numinus Wellness. 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.

2 Responses

  1. This PP was originally announced weeks ago. This NR is only announcing the closing of the PP. In the original NR, they stated it would close Dec 29. How is this justification of the full day halt? Also, the halt has not yet been lifted, so it is highly doubtful it was halted for this NR.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Numinus Wellness To Acquire Mindspace Psychology Services Of Montreal

Numinus Wellness (TSXV: NUMI) is acquiring that of Mindspace Psychology Services, whom operates as Mindspace...

Tuesday, December 15, 2020, 08:34:20 AM

Numinus Wellness Walks From Acquisition Of MedBright AI

Numinus Wellness (TSX: NUMI) has walked away from a plan to add artificial intelligence assets...

Monday, August 12, 2024, 10:08:35 AM

Numinus Wellness Receives Health Canada Amendment To Study Psilocybin Extraction

Numinus Wellness (TSXV: NUMI) this morning had a significant update, announcing that it has received...

Thursday, June 11, 2020, 09:10:28 AM

Numinus Wellness To Collaborate With MAPS On Proposed MDMA-Assisted Psychotherapy Trials

Numinus Wellness (TSXV: NUMI) this morning announced that it has entered into an arrangement with...

Wednesday, December 2, 2020, 08:28:51 AM

Numinus Wellness: Eight Capital Initiates With $1.10 Price Target

Last week, Eight Capital launched coverage on a basket of psychedelic companies. This comes after...

Monday, September 20, 2021, 02:41:00 PM