Flora Progress Corp FLGC shares are buying and selling decrease by 4.1% to $1.41 on going into the shut of Wednesday’s session after the corporate just lately introduced the pricing of a $2.7 million registered direct providing and concurrent personal placement.
The corporate says it expects to make use of the online proceeds from the providing to extend working capability, for working capital and for different normal company functions.
The providing is predicted to shut on or about September 21, topic to satisfaction of customary closing circumstances.
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Based on knowledge from Benzinga Professional, FLGC has a 52-week excessive of $20.60 and a 52-week low of $1.35.
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