The Very Good Food Company falls on $30 mln direct offering
15/10/2021 18:42
** U.S.-listed shares of plant-based food technology co
VGFC.O fall as much as 23.1% to $1.76 - the lowest in more
than 11 months
** Co prices offering of 15 mln units at $2 per unit
urn:newsml:reuters.com:*:nBw6GJmlJa
** Each unit consists of one common share and half of common
share purchase warrant
** VGFC plans to use proceeds for acquisitions within the
plant-based food sector that would add to its earnings
** Alliance Global Partners is lead placement agent, Roth
Capital Partners is co-placement agent for offering
** Up to Friday's close, stock had fallen 62.3% YTD
(Reporting by Vansh Agarwal)
((Vansh.Agarwal@thomsonreuters.com;))