Abundia Global Impact Prices $20 Million Direct Stock Offering; Shares Down Pre-Bell

MT Newswires Live

02/20

Abundia Global Impact Group (AGIG) said late Thursday it agreed to sell roughly 5.9 million common shares or pre-funded warrants to a single institutional investor to raise approximately $20 million.

The company expects the offering to close Monday and plans to use the capital to finish an engineering study, and finalize its acquisition of RPD Technologies, among other things.

Abundia shares were down 7.1% in recent premarket activity Friday.

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