Inotiv, Inc. Completes Equity Offering for Net Proceeds of Approximately $24.0 Million
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Inotiv, Inc. has completed an equity offering, raising approximately $24 million through the sale of 6 million common shares at $4.25 each. The offering was completed on December 19, 2024.
December 23, 2024 | 9:30 pm
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Inotiv, Inc. completed an equity offering, raising $24 million by selling 6 million shares at $4.25 each. This capital raise could support the company's growth and operational needs.
The successful equity offering provides Inotiv with additional capital, which can be used for growth initiatives or operational needs. This is generally positive for the company's financial health and future prospects, potentially leading to a positive short-term impact on the stock price.
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