Applied UV hits record low on discounted public offering

Applied UV

16/06/2023 19:15

** Shares of air purification tech firm Applied UV  AUVI.O  
plunge 42.6% to $1.09, their record low
    ** Company announces pricing of its underwritten public
offering of 5 mln shares of common stock and pre-funded warrants
at public offering price of $1/shr
    ** Purchase price is at a discount of 47% to AUVI's last
close
    ** Aggregate gross proceeds amount to about $5 mln
    ** Company expects to use net proceeds of this offering for
general corporate purposes, including new investments
    ** Including session's losses, stock down ~75% YTD

 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))