AquaBounty plunges on stock offering plans

Aquabounty Technologies

04/04/2019 21:30

** Aquabounty  AQB.O  plunges 21% to $2.40 after the bell as
biotech looks to raise equity for second time in less than a
month
    ** Co announces proposed offering for working capital costs
related to growing its first batches of fish at Indiana and
Rollo Bay farm sites, and other general corp purposes; does not
disclose size  urn:newsml:reuters.com:*:nGNX2vbjJ3
    ** H.C. Wainwright acting as sole book-running manager
    ** Co last raised equity on Mar 19 by selling 3.35 mln
shares at $2.25 for gross raise of $7.5 mln  urn:newsml:reuters.com:*:nL3N2162DN    
    ** On Mar 8, AQB shares more than doubled to close at $4.89
after the FDA allowed import of co's genetically engineered
salmon into the U.S.  urn:newsml:reuters.com:*:nL3N20V3SW
    ** Co has 18.7 mln shares outstanding as of Mar 18, per
Refinitiv data
    ** AQB shares gained 7% to close at $3.04 on Thurs,
extending YTD gain to 48%
    ** AquaBounty is majority-owned unit of Intrexon Corp
 XON.O 

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