Shares of Aurora Hashish Inc. had been decrease in Thursday’s late buying and selling session, after the corporate introduced $125 million of bought-deal financing.
Underneath the phrases of the deal, a bunch of underwriters led Canaccord Genuity and BMO Capital Markets agreed to purchase on bought-deal foundation 51.1 million items of the corporate for $2.45 per unit. The items will consist of 1 frequent share of the corporate and a warrant to purchase a standard share for $3.20.
Aurora stated the deal can have gross proceeds of about $125.2 million.
Its shares had been down about 16% in after-hours buying and selling. The inventory completed the day’s common session with a 1.87% acquire, closing at $2.93 per share.
