03:26 AM EDT, 08/26/2022 (MT Newswires) -- Neptune Wellness Solutions (NEPT) on Thursday filed a shelf registration statement for the potential sale of up to $75 million of its securities from time to time.
The filing covers the sale of the company's common shares, warrants and units.
Unless otherwise disclosed in a prospectus supplement, the company plans to use the net proceeds from the sale of the securities for general corporate purposes, which may include research and development costs, manufacturing costs, acquisition or licensing of other businesses, products, working capital, and capital expenditures.
Neptune Wellness' shares fell almost 12% in after-hours trading.
Price: 2.65, Change: -0.36, Percent Change: -11.96