Secondary Stock OfferingsBy The Online Investor Staff, updated Thu., Feb. 27, 2:15 PM
|This Slide: #21 of 25|
Slide #21. AquaBounty Technologies, Inc. — Secondary Offering
AquaBounty Technologies, Inc. (NASDAQ:AQB)
Date of Pricing:
Price Per Share:
Secondary Offering Details:
AquaBounty Technologies, Inc. (Nasdaq: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced that it has priced an underwritten public offering of an aggregate of 9,000,000 shares of common stock of the Company, at an offering price of $1.50 per share. In addition, AquaBounty has granted the underwriter a 45-day option to purchase up to an additional 1,350,000 shares of common stock on the same terms and conditions to cover over-allotments, if any. All shares of common stock sold in the offering are being sold by the Company. The offering is expected to close on or about February 13, 2020, subject to the satisfaction of customary closing conditions.
AquaBounty Technologies is a biotechnology company focused on improving productivity and sustainability in the aquaculture market. Co. is conducting research and development of the commercial viability of a group of proteins commonly known as antifreeze proteins. Co. has obtained the licensing rights for a gene construct (transgene) used to create a breed of farm-raised Atlantic salmon. Co. has approval for the production, sale, and consumption of its AquAdvantage Salmon product in the United States; for the sale and consumption of its AquAdvantage Salmon product in Canada; and for the production of the product.
Open the AQB Page at The Online Investor »
Strong Buy (3.65 out of 4)
(ranked higher than approx. 71% of all stocks covered)
Based on Zacks ABR data;
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