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Stock impact report

Naked Brand Group Limited Completes $3.4 Million Private Placement of Ordinary Shares and Warrants

Cenntro Electric Group Limited - Ordinary Shares (NAKD) 
NASDAQ:AMEX Investor Relations: ir.nakedbrands.com
Company Research Source: GlobeNewswire
Naked’s CEO Justin Davis-Rice and Largest Institutional Shareholder Participate to Strengthen the Company’s Financial Position SYDNEY, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Naked Brand Group Limited (NASDAQ: NAKD), a global leader in intimate apparel and swimwear (“Naked” or the “Company”), has closed a private placement of ordinary shares and warrants for aggregate gross proceeds of approximately $3.4 million with two accredited investors, including the Naked CEO, Justin Davis-Rice, and the company’s largest institutional shareholder, Armistice Capital. The ordinary shares were sold at a per share price of $1.55 pursuant to a subscription agreement with each investor. Each investor also received a warrant to purchase 100% of the number of ordinary shares for which it subscribed. The warrants have an exercise price of $1.55 per share and will expire three years from the date of issuance. The exercise price and number of shares covered by the warrants are subject to adjustment for stoc Show less Read more
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