Abundia Global Impact Group (AGIG) said late Thursday it agreed to sell roughly 5.9 million common shares or pre-funded warrants to a single institutional investor to raise approximately $20 million.
The company expects the offering to close Monday and plans to use the capital to finish an engineering study, and finalize its acquisition of RPD Technologies, among other things.
Abundia shares were down 7.1% in recent premarket activity Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.