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AquaBounty Technologies, Inc. Announces Pricing of $5.75 Million Public Offering of Common Stock
MAYNARD, Mass., April 04, 2019 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (Nasdaq:AQB) ("AquaBounty" or the "Company"), a biotechnology company focused
About this update from Aquabounty Technologies, Inc.
[{"type":"text","content":"MAYNARD, Mass., April 04, 2019 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (Nasdaq:AQB) (\"AquaBounty\" or the \"Company\"), a biotechnology company focused on enhancing productivity in the aquaculture market and a subsidiary of Intrexon Corporation (Nasdaq:XON), today announced the pricing of its previously announced underwritten public offering of 2,554,590 shares of common stock of the Company at a price to the public of $2.25 per share. In addition, the Company has granted the underwriters of the offering a 45-day option to purchase up to 383,188 additional shares of common stock at the public offering price, less underwriting discounts and commissions. AquaBounty expects to receive aggregate gross proceeds of approximately $5.75 million from the offering. The offering is expected to close on or about April 9, 2019, subject to customary closing conditions.H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NASDAQ:NHLD), is acting as co-manager for the offering.The Company currently expects to use the net proceeds of this offering to fully fund working capital costs associated with growing its first batches of fish at our Indiana and Rollo Bay farm sites and other general corporate purposes.A shelf registration statement on Form S-3 relating to the public offering of the shares of common stock described above was filed with the Securities and Exchange Commission (\"SEC\") and was declared effective on April 27, 2018. A preliminary prospectus supplement describing the terms of the offering has been filed with the SEC and is available on the SEC's website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained, when available, from H.C. Wainwright & Co., LLC, 430 Park Avenue 3rd Floor, New York, NY 10022, or by calling (646) 975-6996 or by emailing [email protected] or at the SEC's website at http://www.sec.gov.This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state...