January 12, 2018 / 3:31 PM / a year ago

BUZZ-AquaBounty Tech: Touches 1-yr low after stock and warrants offering

** Biotech’s shares fall as much as 39.1 pct to touch a > 1-yr low of $2.96 in morning trading

** Stock biggest pct loser on Nasdaq

** Co prices ~4 mln shares and accompanying warrants at $3.25, a 33.13 pct discount to stock’s Thurs close

** Warrants to purchase up to 4 mln additional shares have exercise price of $3.25 and expire in 5 years

** Co expects gross proceeds of ~$12 mln; intends to use net proceeds to continue construction and renovation activities of its existing facilities in Rollo Bay and Indiana

** Co had 8.9 mln shares outstanding as of Jan. 11 - TR data

** More than 923,000 shares traded, 17x 30-day moving avg

** Up to Thursday’s close, AQB lost ~80 pct in past 12 mths (Reporting by Akankshita Mukhopadhyay in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below