Sow Good Announces Nasdaq Uplisting And Pricing Of $12M Public Offering Of 1.2M Shares Of Stock At A Price Of $10/Share
Portfolio Pulse from Benzinga Newsdesk
Sow Good Inc. (NASDAQ:SOWG), a leader in the freeze dried candy sector, announced a public offering of 1.2M shares at $10/share, aiming to raise $12M. The offering coincides with its Nasdaq uplisting, with trading starting May 2, 2024. Proceeds will fund corporate expansion, sales growth, and debt reduction. Roth Capital Partners and Craig-Hallum are managing the offering.
May 02, 2024 | 12:43 pm
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Sow Good Inc. announces a $12M public offering at $10/share alongside its Nasdaq uplisting, with proceeds aimed at corporate expansion and debt reduction.
The public offering and Nasdaq uplisting are significant positive developments for Sow Good Inc., likely to attract investor interest and potentially boost the stock price in the short term. The capital raised will support expansion and reduce debt, improving the company's financial health and growth prospects.
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