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Stock impact report

Lexaria Bioscience announces $5M securities offering [Seeking Alpha]

Lexaria Bioscience Corp. (LEXX) 
Company Research Source: Seeking Alpha
The company entered into a definitive agreement for the purchase and sale of 1,633,987 shares of common stock at a purchase price of $3.06 per share. In a concurrent private placement, the company will offer unregistered warrants to purchase up to 4,551,019 shares of common stock at an exercise price of $3.06 per share. The gross proceeds to the company from the offering are expected to be approximately $5M; net proceeds will be used for working capital and other general corporate purposes. The offering is expected to close on or about October 16, 2024. Shares of Lexaria Bioscience ( LEXX ) were down at the time of publication. More on Lexaria Bioscience Corp. Seeking Alpha's Quant Rating on Lexaria Bioscience Corp. Historical earnings data for Lexaria Bioscience Corp. Financial information for Lexaria Bioscience Corp. Recommended For You Comments More Trending News Recommended For You More Trending News Show less Read more
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