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Stock impact report

Akanda Corp. Announces Pricing of Underwritten Public Offering [Yahoo! Finance]

Akanda Corp. (AKAN) 
Company Research Source: Yahoo! Finance
The gross proceeds to Akanda are estimated to be approximately $1,500,000 before deducting the underwriter fees and other offering expenses payable by the Company. The offering is expected to close on about October 3, 2024, subject to the satisfaction of customary closing conditions. Akanda plans to use the net proceeds from the offering for capital expenditures, operating capacity, working capital, potential milestone payments of the option to purchase agreement for certain Canadian property, general corporate purposes, and the refinancing or repayment of existing indebtedness and acquisitions of complementary products, technologies or businesses. The securities described above are being offered by Akanda pursuant to an effective registration statement on Form F-1, as amended (File No. 333-281945), declared effective by the U.S. Securities and Exchange Commission ("SEC") on September 30, 2024. A final prospectus relating to the offering will be filed with the SEC and will be avail Show less Read more
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