Inotiv, Inc. Completes Equity Offering for Net Proceeds of Approximately $24.0 Million
Inotiv, Inc. (NOTV)
Company Research
Source: GlobeNewswire
WEST LAFAYETTE, Ind., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Inotiv, Inc. (Nasdaq: NOTV) (the “Company”), a leading contract research organization specializing in nonclinical and analytical drug discovery and development services and research models and related products and services, today announced that it had raised approximately $24.0 million in net proceeds from its underwritten public offering of 6,000,000 common shares at a price to the public of $4.25 per share. All the shares were offered and sold by the Company. The Company closed on the sale of the initial 6,000,000 common shares on December 19, 2024. The Company intends to use the net proceeds from this offering for working capital, capital expenditures and other general corporate purposes. Robert Leasure Jr., President and Chief Executive Officer, commented, “We believe this additional liquidity represents another important step in strengthening our balance sheet and enhancing our financial flexibility. It positions us to c
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News
- Inotiv, Inc. Completes Equity Offering for Net Proceeds of Approximately $3.6 MillionGlobeNewswire
- Inotiv, Inc. Announces Pricing of Public Offering of 6,000,000 Common SharesGlobeNewswire
- Inotiv, Inc. Launches Proposed Public Offering of Common Shares [Yahoo! Finance]Yahoo! Finance
- Inotiv, Inc. Launches Proposed Public Offering of Common SharesGlobeNewswire
- Inotiv Inc (NOTV) Q4 2024 Earnings Call Highlights: Revenue Growth Amid Operational Challenges [Yahoo! Finance]Yahoo! Finance
NOTV
Earnings
- 8/8/24 - Miss
NOTV
Sec Filings
- 12/23/24 - Form 4
- 12/18/24 - Form 8-K
- 12/18/24 - Form 424B5
- NOTV's page on the SEC website