Reported Earlier, Organigram Announced Overnight Public Offering Aimed At Raising C$25M
Portfolio Pulse from Benzinga Newsdesk
Organigram Holdings announced an overnight marketed public offering aimed at raising approximately C$25 million. The offering will include units comprised of common shares and warrants, with final terms to be determined based on market conditions.
March 27, 2024 | 6:36 am
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Organigram Holdings aims to raise C$25 million through an overnight public offering, including shares and warrants, with terms pending market conditions.
Public offerings often lead to short-term negative pressure on a company's stock price due to the dilution of existing shares. The announcement of Organigram's intention to raise funds through an offering, especially without finalized terms, may create uncertainty and potentially lower the stock price in the short term.
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