Lifecore Biomedical (LFCR) Prices 5.93M Share Offering at $4.10/sh
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Lifecore Biomedical Raises $24.3 Million in Private Placement of Common Stock
October 4, 2024 7:20 AM EDTCHASKA, Minn., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Lifecore Biomedical, Inc. (Lifecore), a fully integrated contract development and manufacturing organization (CDMO), today announced the closing of a $24.3 million private placement (PIPE) of 5,928,775 shares of its common stock at a price of $4.10 per share. The investing group includes new and existing shareholders, and the company expects to use the proceeds for working capital, operations, and general corporate purposes.
We are very pleased to have the confidence of these new and long-term stockholders, which we believe reflects their support for our new management team, our plan for value creation, and the tremendous... More
