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Stock impact report

Organigram slips after announcing C$25M stock offering [Seeking Alpha]

Organigram Holdings Inc. - Common Shares (OGI) 
Last organigram holdings inc. - common shares earnings: 1/14 04:00 pm Check Earnings Report
Company Research Source: Seeking Alpha
offering to raise roughly C$25M in gross proceeds as part of an agreement with a group of underwriters. Common shares and common share purchase warrants of the company are expected to comprise the stock issuance, named as an overnight marketed public offering, Toronto-based Organigram ( OGI ) said. The offering will follow an underwriting agreement between the company and a group of underwriters led by ATB Securities. Its terms, including price and size, will be determined at the time of a definitive agreement between the parties. The underwriters can purchase up to an additional 15% of the offering as part of a 30-day over-allotment option that could be exercisable at the offering price. The offering is expected to close on April 2, 2024, and Organigram ( OGI ) intends to use its net proceeds to fund growth programs and general corporate purposes. Recommended For You More Trending News Recommended For You More Trending News Related Stocks Trending Analysis Trend Show less Read more
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