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
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