Tilray Inc. said Friday that it had priced a $90.4 million stock offering at $4.76 a share. Shares of Tilray slid 27% in midday trading Friday. The stock offering included 7.25 million in stock, 11.75 million in pre-funded warrants and accompanying warrants to acquire 19 million shares of its Class 2 stock. The company said it planned to use the cash for general corporate purposes. Canaccord Genuity acted as sole book-running agent for the offering. Tilray shares have fallen 94% in the past year, as the S&P 500 index dropped 10.2%. Read More...
Tilray Inc. said Friday that it had priced a $90.4 million stock offering at $4.76 a share. Shares of Tilray slid 27% in midday trading Friday. The stock offering included 7.25 million in stock, 11.75 million in pre-funded warrants and accompanying warrants to acquire 19 million shares of its Class 2 stock. The company said it planned to use the cash for general corporate purposes. Canaccord Genuity acted as sole book-running agent for the offering. Tilray shares have fallen 94% in the past year, as the S&P 500 index dropped 10.2%.
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