Reported Earlier, NewGen Prices $1.25M Public Offering Of 17,857,143 Ordinary Shares Or Pre-Funded Warrants At $0.07 Per Share
The offering consists of 17,857,143 Ordinary Shares or Pre-Funded Warrants in lieu thereof. The public offering price per Common Share is $0.07 (or $0.06999 for each Pre-Funded Warrant, which is equal to the public
NewGen is selling new shares to raise about $1.25 million in cash. When a company sells lots of new shares, existing owners get a smaller piece of the company.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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