- Rritual has increased the size of its C$3,000,000 bought deal offering
- The underwriter has agreed to purchase 8,000,000 units for aggregate gross proceeds of C$4,000,000
- The underwriters have been offered an over-allotment option to purchase up to an additional 1,200,000 units for total proceeds of up to $4,600,000
- The offering is expected to close on or about September 8, 2021
- Rritual Superfoods is a premium brand in the emerging functional mushroom & adaptogenic superfood market
- Rritual Superfoods Inc. (RSF) is down 9.26 per cent, trading at $0.46 per share at 4 pm ET
Rritual Superfoods (RSF) is pleased to announce that, due to strong demand, it has increased the size of its previously announced C$3,000,000 bought deal offering.
The underwriter has agreed to purchase 8,000,000 units at a price of C$0.50 per unit for aggregate gross proceeds of C$4,000,000.
The company has agreed to grant the underwriters an over-allotment option to purchase up to an additional 1,200,000 units. In the event the over-allotment option is exercised in full, the aggregate gross proceeds of the offering will be $4,600,000.
The offering is expected to close on or about September 8, 2021.
Rritual Superfoods is the first award-winning, premium brand in the emerging functional mushroom & adaptogenic superfood market.
Rritual Superfoods Inc. (RSF) is down 9.26 per cent, trading at $0.46 per share at 4 pm ET.