Bullboard - Stock Discussion Forum Just Kitchen Holdings Corp V.JK

Just Kitchen Holdings Corp. (JustKitchen) is a cloud kitchen meal preparation company with operations in Taiwan, Hong Kong, Singapore, Philippines, Malaysia, and Thailand. The Company specializes in the development and marketing of proprietary and franchised delivery only food brands for customers and businesses. JustKitchen combines this hub-and-spoke operating model with online and mobile... see more

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TSXV:JK - Post Discussion

Just Kitchen Holdings Corp > $JK News

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Post by SkywalkerofLuke on Jun 15, 2021 2:28pm

$JK News

$JK just announced that it has closed its previously-announced C$16 million "bought-deal" public offering of common shares led by Beacon Securities Limited and including Canaccord Genuity Corp. Including the over-allotment option the Company issued a total of 12,963,000 Shares at the price of $1.35 per Share for total gross proceeds of C$17.5 million, excluding the previously announced C$4 million non-brokered portion that will be closing shortly.

The proceeds raised from the sale of Shares under the Offering are expected to be used by the Company for build out of additional spoke kitchens in Taiwan, international expansion, software development, brand acquisition and development and general corporate purposes.

Great news for $JK who is up 3.9% , current MC is $79.87M.

Check it out

https://www.newswire.ca/news-releases/justkitchen-announces-closing-of-bought-deal-public-offering-of-c-17-5mm-806555494.html

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