Byrna Technologies falls on stock offering

Byrna Technologies

13/07/2021 10:57

** Self-defense equipment maker's shares  BYRN.O  down 1.85%
at $21.17 before the bell
    ** Co launches an underwritten public offering of 2.25 mln
common shares  urn:newsml:reuters.com:*:nPn8xBk2ba
    ** The underwriters have a 30-day option to purchase up to
337,500 additional shares of common stock in the public offering
    ** BYRN intends to use the net proceeds from the offering
for working capital and other general corporate purposes
    ** Offer size represents ~16.8% of co's free float -
Refinitiv data
    ** Stock has risen ~71% in the last 12 months

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))