cbdMD, Inc. (YCBD) Prices 16M Share Common Offering at $1/Sh
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cbdMD, Inc. Prices Underwritten Public Offering of Common Stock
January 9, 2020 7:46 PM ESTCHARLOTTE, N.C.--(BUSINESS WIRE)-- cbdMD, Inc. (NYSE American: YCBD, YCBD PR A), today announced the pricing of an underwritten public offering of 16,000,000 shares of its common stock at a price of $1.00 per share. The company has also granted to the underwriter a 45-day option to acquire an additional 2,400,000 shares to cover overallotments in connection with the offering. The gross proceeds to the Company are expected to be approximately $16,000,000 prior to deducting underwriting discounts, commissions and other estimated offering expenses, and assuming no exercise of the overallotment option. The offering is expected to close on January 14, 2020, subject... More
