AquaBounty Tech sinks on deep-discounted stock deal

Aquabounty Technologies

19/11/2021 11:24

** AquaBounty Technologies  AQB.O  down >25% premarket after
co prices secondary offering. Shares set to fall for 5th
straight session
    ** Genetically engineered salmon grower late Thurs announced
11.2 mln shares sold by Third Security at $2.10, 33% discount to
stock's last sale  urn:newsml:reuters.com:*:nGNX8J0xWd
    ** Venture capital firm Third Security is #1 AQB holder with
~18.2 mln shares for ~26% stake, followed by Cathie Wood's ARK
Investment Management with ~6.2 mln shares for ~9% stake, per
Refinitiv data
    ** Oppenheimer and Lake Street Capital Markets jt
bookrunners for offering
    ** Through close on Thurs, AQB has shed 17% this week and
has plunged 64% YTD

 (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))