- Else Nutrition (BABY) has closed its previously announced public offering of units for gross proceeds of approximately $17.3 million
- The company issued 8,050,000 units at a price of $2.15 per unit
- The company issued 8,050,000 units at a price of $2.15 per unit. Each unit consists of one common share and one-half of one share purchase warrant
- The warrants are expected to be listed and posted for trading on the TSXV under the ticker symbol BABY.WT.A
- Else Nutrition GH Ltd. is an Israel-based food and nutrition company
- Else Nutrition Holdings Inc. (BABY) is down 1.03 per cent, trading at C$1.92 per share at 10:30 am ET
Else Nutrition (BABY) has closed its previously announced public offering of units for gross proceeds of approximately $17.3 million.
The company issued 8,050,000 units at a price of $2.15 per unit. Each unit consists of one common share and one-half of one share purchase warrant. Each full warrant will be exercisable to acquire one common share at a price of $2.70 until October 20, 2026. The warrants are expected to be listed and posted for trading on the TSXV under the ticker symbol BABY.WT.A, effective October 27, 2021.
The offering was conducted through a syndicate of underwriters led by Stifel Nicolaus Canada Inc. and Canaccord Genuity Corp. as co-lead underwriters and co-bookrunners.
Else issued an aggregate of 423,940 broker warrants to the underwriters and 23,255 warrants to a finder in connection with a portion of the offering.
Net proceeds will be used to establish a manufacturing facility, acquire inventory, fund research and development including clinical studies, fund sales and marketing and for general corporate purposes.
Else Nutrition GH Ltd. is an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults.
Else Nutrition Holdings Inc. (BABY) is down 1.03 per cent, trading at C$1.92 per share at 10:30 am ET.