Reported Monday, Better Choice Company Prices $5M Public Offering Of 1,667,000 Common Shares At $3/Share
Author: Benzinga Newsdesk | July 30, 2024 03:13am
Better Choice Company Inc. (NYSE:BTTR) (the "Company" or ("Better Choice"), a pet health and wellness company, today announced the pricing of its underwritten public offering of an aggregate of 1,667,000 shares of its common stock (or pre-funded warrants ("Pre-Funded Warrants") in lieu thereof). Each share of common stock (or Pre-Funded Warrant) is being sold at a public offering price of $3.00 per share (inclusive of the Pre-Funded Warrant exercise price). Total gross proceeds from the offering, before deducting underwriting discounts and offering expenses, are expected to be approximately $5 million. In addition, Better Choice has granted the underwriters a 45-day option to purchase up to an additional 100,000 shares of common stock and/or Pre-Funded Warrants at the public offering price less the underwriting discount.
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