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0 0 0 -0.0241935483870968 -0.00201612903225802 0.0129032258064516 0.0241935483870968 0.0201612903225808
Stock impact report

Akanda Corporation Announces Completion of F-3 Shelf Registration Statement [Yahoo! Finance]

Akanda Corp. (AKAN) 
Company Research Source: Yahoo! Finance
company, today announced that it has successfully completed sales of its securities under its existing Form F-3 shelf registration. The shelf registration statement had a $5 million capacity and allowed the Company to raise cash by selling stock and warrants into the open market. Since the F-3 was declared effective on January 29, 2024, the Company raised a total of approximately $4.98 million in gross proceeds pursuant to a series of public offerings. The Interim CEO Katie Field commented, "Akanda has used all of the capacity, essentially maxing out the amount we can raise on our F-3 shelf. We will not raise further funds on this registration statement. Any future registered direct offering will need to be pursuant to a newly filed and effective registration statement which the Company will file in due course." The securities were sold pursuant to a shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission (SEC) and declared ef Show less Read more
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