Lifecore Biomedical Raises $24.3 Million in Private Placement of Common Stock
Lifecore Biomedical, Inc. (LFCR)
Company Research
Source: GlobeNewswire
CHASKA, Minn., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Lifecore Biomedical, Inc. (“Lifecore”), a fully integrated contract development and manufacturing organization (“CDMO”), today announced the closing of a $24.3 million private placement (“PIPE”) of 5,928,775 shares of its common stock at a price of $4.10 per share. The investing group includes new and existing shareholders, and the company expects to use the proceeds for working capital, operations, and general corporate purposes. “We are very pleased to have the confidence of these new and long-term stockholders, which we believe reflects their support for our new management team, our plan for value creation, and the tremendous opportunity we have in this growing market,” commented Paul Josephs, president and chief executive officer of Lifecore. Important Information Regarding the Common Stock The common stock was issued in reliance on an exemption from registration under the Securities Act of 1933, as amended (the “Se
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News
- Here's Why Greenhaven Road Capital Invested in Lifecore Biomedical (LFCR) [Yahoo! Finance]Yahoo! Finance
- Lifecore Biomedical to Present at Stephens Annual Investment ConferenceGlobeNewswire
- Lifecore Biomedical, Inc.'s (NASDAQ:LFCR) top owners are retail investors with 35% stake, while 35% is held by hedge funds [Yahoo! Finance]Yahoo! Finance
- Lifecore Biomedical to Host Virtual Investor Day Prior to Market Open on November 21, 2024GlobeNewswire
- Lifecore Biomedical Appoints Thomas Guldager as Vice President, OperationsGlobeNewswire
LFCR
Sec Filings
- 11/12/24 - Form SC
- 10/29/24 - Form 4
- LFCR's page on the SEC website