MDJM Announces $2.45M Private Placement, Will Issue An Aggregate Of 2,722,224 Units With A Purchase Price Per Unit Of $0.90
Portfolio Pulse from Benzinga Newsdesk
MDJM LTD (NASDAQ:MDJH) announced a $2.45 million private placement, issuing 2,722,224 units at $0.90 each. Each unit includes one ordinary share, a Series A warrant, and a Series B warrant. The closing is expected on September 12, 2024, with Maxim Group LLC as the placement agent.
September 11, 2024 | 1:47 pm
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MDJM LTD is raising $2.45 million through a private placement, issuing 2,722,224 units at $0.90 each. This move could provide the company with additional capital for growth and operations.
The private placement will provide MDJM with $2.45 million in capital, which can be used for growth and operational purposes. The issuance of new shares and warrants may lead to short-term stock price fluctuations, but the capital infusion is generally positive for the company's financial health.
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