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Stock impact report

Calyxt Announces $15 Million Registered Direct Offering

Calyxt, Inc (CLXT)  More Company Research Source: Business Wire
Last calyxt, inc earnings: 11/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: calyxt.com/investors
PDF   ROSEVILLE, Minn.--(BUSINESS WIRE)--Calyxt, Inc. (NASDAQ: CLXT) (the “Company”), a plant-based technology company, today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of 3,750,000 shares of the Company’s common stock, at a purchase price of $4.00 per share, in a registered direct offering. Cellectis S.A., the Company’s majority shareholder, subscribed to purchase 1,250,000 shares in the offering. The closing of the offering is expected to occur on or about October 20, 2020, subject to the satisfaction of customary closing conditions.H.C. Wainwright & Co. is acting as the exclusive placement agent for the transaction.The gross proceeds to the Company from this offering are expected to be $15 million, before deducting the placement agent's fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for general corporate purposes, including to advance its curr [Read more]
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