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Stock impact report

Univest Securities, LLC Announces Closing of $5 Million Underwritten Public Offering for its Client Akanda Corp. (NASDAQ: AKAN) [Yahoo! Finance]

Akanda Corp. (AKAN) 
Company Research Source: Yahoo! Finance
and securities broker-dealer firm based in New York, today announced the closing of underwritten public offering (the “Offering”) of 3,087,443 common stock priced at $0.1217 per share, with pre-funded warrants exercisable for 37,997,190 shares with respect to the underwritten public offering for its client Akanda Corp. (NASDAQ: AKAN) (“Akanda” or the “Company”), an international medical cannabis company. Under the terms of the securities purchase agreement, the Company has agreed to sell to the institutional investors a total of 3,087,443 shares priced at $0.1217 per share, with pre-funded warrants exercisable for 37,997,190 shares. The purchase price of each pre-funded warrant is equal to the price per share, minus $0.0001, and the remaining exercise price of each pre-funded warrant will equal $0.0001 per share. The pre-funded warrants will be immediately exercisable and may be exercised at any time until all of the pre-funded warrants are exercised in full. The aggregate gross p Show less Read more
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