AquaBounty: Quick trip back to the well, dives on stock offering

Aquabounty Technologies

05/04/2019 11:54

** Aquabounty  AQB.O  dives >26% premarket as biotech raises
equity for 2nd time in about two weeks
    ** Co offers 2.55 mln shares at $2.25 for gross raise of
$5.75 mln for working capital costs related to growing its first
batches of fish at Indiana and Rollo Bay farm sites, and other
general corp purposes  urn:newsml:reuters.com:*:nGNX58qd5T
    ** Offering priced at 26% discount to AQB's Thurs close and
represents ~14% of co's total shares outstanding, per Refinitiv
data
    ** H.C. Wainwright acting as sole book-running manager
    ** Co last raised equity on Mar 19 by selling 3.35 mln
shares also 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
    ** Stock up 48% YTD
    ** AquaBounty is majority-owned unit of Intrexon Corp
 XON.O 

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