Byrna Technologies rises after pricing upsized stock offering

Byrna Technologies

16/07/2021 12:37

** Byrna Technologies Inc  BYRN.O  shares rise 2.1% to $23
premarket after personal security products maker prices
follow-on
    ** Co sells 2.5 mln shares at $21, raises ~$52.5 mln for
working capital and general corp purposes  urn:newsml:reuters.com:*:nPnWSNYa
    ** Offering size increased from 2.25 mln shares
    ** Co has ~20.7 mln shares outstanding for nearly $470 mln
market cap, per Refinitiv data, and ~13.4 mln shares of public
float
    ** Raymond James and B. Riley bookrunners for offering
    ** BYRN in early Jun flagged $50 mln equity raise
 urn:newsml:reuters.com:*:nL2N2NK0XF
    ** Shares rose 77.5% in Q2 this year

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