Lakeland Fire + Safety Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriter's Option to Purchase Additional Shares
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Lakeland Industries, Inc. has successfully closed its public offering of 2,093,000 shares of common stock at $22.00 per share, raising approximately $46 million in gross proceeds.
January 24, 2025 | 9:15 pm
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Lakeland Industries completed its public offering of 2,093,000 shares at $22.00 each, raising $46 million. The full exercise of the underwriter's option indicates strong demand.
The successful closing of the public offering and the full exercise of the underwriter's option suggest strong investor interest and confidence in Lakeland Industries. This capital raise could be used for growth initiatives, potentially boosting the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100