AquaBounty Tech plunges on secondary share offering

Aquabounty Technologies

18/11/2021 21:43

** AquaBounty Technologies  AQB.O  falls ~20% after hours as
grower of genetically engineered salmon announces secondary
offering
    ** AQB after the bell announces 11.2 mln shares to be sold
by Third Security  urn:newsml:reuters.com:*:nGNX5V1c4Y
    ** Venture capital firm Third Security is top AQB holder
with ~18.2 mln shares, or ~26% stake, per Refinitiv data
    ** Oppenheimer and Lake Street Capital Markets jt
bookrunners for offering
    ** AQB shares closed regular session on Thurs down 5.5% at
$3.12.
    ** Stock has fallen every session this week, shedding ~17%,
extending YTD loss to 64%
    ** About 320k shares have traded after the bell as of 4:40
PM EDT vs their 30-day avg volume of ~788k, per Refinitiv data

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))