- The Very Good Food Company (VERY) has secured a US$6.5M institutional private placement
- The company will use net proceeds for general working capital purposes
- The offering is expected to close on or about June 2, 2022
- The Very Good Food Company produces nutritious plant-based meat and cheese products
- The Very Good Food Company (VERY) is down by 3.13 per cent trading at $0.31 per share
The Very Good Food Company (VERY) has secured a US$6.5M institutional private placement.
The news follows major retail expansion in the Canadian market.
It will sell 32,500,000 units priced at US$0.20, each comprised of one common share and one purchase warrant.
Each warrant entitles the holder to acquire one share exercisable at US$0.2582 for up to five years from issuance.
The company will use net proceeds for general working capital purposes.
H.C. Wainwright & Co. is acting as the exclusive placement agent.
The offering is expected to close on or about June 2, 2022.
No securities were offered or sold to Canadian residents.
The Very Good Food Company produces nutritious plant-based meat and cheese products.
The Very Good Food Company (VERY) is down by 3.13 per cent trading at $0.31 per share at 10:17 am EST.
