RE:The offering is part of a larger $500 million financingMagnitude wrote: Can you say DILUTION in the MILLIONS!! theres going to be soooo many shares!! I'll buy at $1
OrganiGram Holdings Inc. has entered into an underwriting agreement to sell 7,740,000 units at $3.23 each, raising $25 million in gross proceeds. The deal includes an over-allotment option for underwriters to purchase up to 1,161,000 additional units, potentially adding another $3.75 million. The offering is part of a larger $500 million financing strategy that includes sales in Canada and the U.S.
Give it up man...LOL
They have 94 Million shares now...thats nothing !!! Where is the sooo many shares??
When institions front almost $150 Million at $3.22 per share they have done there research !!
May i suggest you move on to another stock that is better suited for your needs ! SMH