- Flora Growth Corp (NASDAQ:FLGC) has entered into securities purchase agreements with institutional investors for the purchase and sale of 12.5 million shares.
- The agreement also includes warrants to purchase up to 12.5 million common shares.
- The combined purchase price for one common share and one warrant will be $0.40.
- The aggregate gross proceeds from the offering will be approximately $5.0 million.
- The company expects to use the offering net proceeds for capital expenditures, increasing operating capacity, working capital, and other corporate purposes.
- Price Action: FLGC shares are trading lower by 15.94% at $0.3740 on the last check Friday.
NVIDIA To Rally Around 14%? Here Are 10 Other Analyst Forecasts For Tuesday
B of A Securities cut the price target for Fox Corporation (NASDAQ: FOXA) from $42 to $34. B of A Securities analyst Jessica Reif Ehrlich downgraded the stock from Buy to Neutral. Fox shares fell 1.8% to $33.03 in pre-market trading.
