- Else Nutrition (BABY) has closed its marketed public offering for gross proceeds of approximately $7.35 million
- The company issued 7,004,000 units priced at $1.05 per unit
- Net proceeds will be used to fund clinical studies, acquire inventory, and for general corporate purposes
- Else Nutrition GH Ltd. is an Israel-based food and nutrition company focused on developing plant-based food and nutrition products
- Else Nutrition Holdings Inc. (BABY) opened trading at C$0.70
Else Nutrition (BABY) has closed its marketed public offering for gross proceeds of approximately $7.35 million.
This includes the partial exercise of the over-allotment option.
The company issued 7,004,000 units priced at $1.05 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant can be exercised to acquire one additional share at a price of $1.25 until June 29, 2027.
The offering was led by Stifel Nicolaus Canada Inc. as sole bookrunner. The company issued a total of 460,280 broker warrants to the underwriters and participating retail brokers.
Else plans to use the net proceeds to fund clinical studies, acquire inventory, 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) opened trading at C$0.70.