- Nogin Inc (NASDAQ:NOGN) has priced the public offering of 7.33 million shares of common stock and 7.33 million common warrants to purchase 7.33 million shares of common stock at a combined price of $3.00 per share and common warrant.
- The company expects gross proceeds of approximately $22 million before deducting placement agent fees and other offering expenses.
- The company expects the offering to close on or about April 6, 2023.
- The offering includes participation from members of the company’s management team and board of directors and other insiders and holders of convertible notes.
- The company intends to use the offering net proceeds to repurchase promissory notes from holders of its convertible notes and for general corporate purposes.
- The company closed Monday’s session up 139.8% at $6.51.
- Price Action: NOGN shares are trading lower by 61.5% at $2.50 on the last check Tuesday.
Nasdaq Surges Over 100 Points; G Medical Innovations Shares Plunge
U.S. stocks traded higher midway through trading, with the Nasdaq Composite jumping more than 100 points on Friday.
The Dow traded up 0.69% to 33,086.43 while the NASDAQ rose 1.01% to 12,134.43. The S&P 500, also rose, gaining, 0.78% to 4,082.51.
