All articles tagged with #private placement
Quantum Computing Inc. has successfully raised $500 million through an oversubscribed private placement of common stock, increasing its total cash to approximately $850 million to fund commercialization, acquisitions, and expansion efforts, with participation from existing shareholders and a new global asset manager.
Eightco Holdings Inc. announced a $250 million private placement and a $20 million strategic investment from BitMine to fund the adoption of Worldcoin (WLD) as its primary treasury reserve asset, aiming to create a universal digital identity platform using zero-knowledge proof technology, with notable support from institutional investors and strategic partners like BitMine and MOZAYYX.
Canopy Growth Corporation has announced a private placement offering of 6,993,007 units at a price per unit of US$4.29, resulting in aggregate gross proceeds of approximately US$30,000,000. The purpose of the offering is to provide the company with additional liquidity to strengthen its financial position, pay down debt, and support working capital and general corporate purposes. Each unit consists of a common share and a series A or B common share purchase warrant. The closing of the private placement is expected to occur on or about January 10, 2024, subject to customary closing conditions. Canopy Growth is a leading North American cannabis and consumer packaged goods company with a commitment to social equity and responsible use.
Lucid Group's stock fell 10% in premarket trading after the company announced plans for an underwritten public offering of stock and a separate private placement to raise about $3.0 billion in gross proceeds. The company plans to issue 173.5 million shares with BofA Securities acting as sole underwriter, while its majority shareholder, Ayar Third Investment Company, is planning to purchase 265.7 million shares in a private placement.