$NOW closed public offering for gross proceeds over $10M! Great close for NowVertical ($NOW.V $NOWVF) today, up almost 5%
$NOW recently announced the closing of its marketed public offering for gross proceeds of $10,350,018, including the full exercise of the over-allotment option granted to the Agent.
The net proceeds will be used to increase $NOW's sales and marketing team, increase its finance and operations team, for product development, close potential acquisitions, and for general administrative expenses.
This is a major step for $NOW, $10M+ buys tons of growth.
https://ir.nowvertical.com/news/news-details/2021/NowVertical-Group-Inc.-Announces-Closing-of-Upsized-Public-Offering-of-Units-Including-Full-Exercise-of-Over-Allotment-Option-for-Proceeds-Of-C10.35M/default.aspx