Lexaria Bioscience (LEXX) Prices 1.62M Share Offering at $0.97/sh

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Go back to Lexaria Bioscience (LEXX) Prices 1.62M Share Offering at $0.97/sh

Lexaria Announces Pricing of $1.6 Million Registered Direct Offering

September 29, 2023 8:01 AM EDT

KELOWNA, BC / ACCESSWIRE / September 29, 2023 / Lexaria Bioscience Corp. (NASDAQ: LEXX)(NASDAQ: LEXXW) (the "Company" or "Lexaria"), a global innovator in drug delivery platforms, today announced that it has entered into a securities purchase agreement with a single healthcare-focused institutional investor to purchase 1,618,330 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investor warrants to purchase up to 1,618,330 shares of common stock. The combined effective... More