Akanda Corp. Announces Registered Direct Offering Priced At-the-Market Under Nasdaq Rules [Yahoo! Finance]
Akanda Corp. (AKAN)
Company Research
Source: Yahoo! Finance
cannabis company, today announced that it has entered into a securities purchase agreement with certain accredited investors whereby the investors have agreed to purchase 280,851 common shares at a purchase price of $0.406 per share and pre-funded warrants to purchase 1,462,991 common shares in a registered direct offering priced at-the-market under Nasdaq rules. The purchase price of each pre-funded warrant is equal to the price at which one common share is sold in the offering, minus $0.0001, and the exercise price of each pre-funded warrant is $0.0001 per share. The pre-funded warrants are immediately exercisable and may be exercised at any time until all of the pre-funded warrants are exercised in full, subject to certain beneficial ownership limitations as set forth in the pre-funded warrant. Univest Securities LLC is acting as the financial advisor in connection with the offering. The gross proceeds to Akanda are estimated to be approximately $708,000 before deducting the fi
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AKAN
News
- Akanda Announces No Equity Financing Until Further Notice [Yahoo! Finance]Yahoo! Finance
- Akanda Announces Plans to Enter Blockchain and AI Technology Sector [Yahoo! Finance]Yahoo! Finance
- Akanda Looks to Commercialize and Capitalize on Germany's Legalization of Cannabis, Opening Path to $3BN Market [Yahoo! Finance]Yahoo! Finance
- Akanda Corp. Announces Closing of the Sale of RPK [Yahoo! Finance]Yahoo! Finance
- Akanda Corp. Announces Canmart's Plans for Facebook and Instagram Social Shopping Technology Integration [Yahoo! Finance]Yahoo! Finance
AKAN
Sec Filings
- 5/1/24 - Form 20-F
- 4/30/24 - Form NT
- 4/15/24 - Form 6-K
- AKAN's page on the SEC website