BRC (BRCC) said Thursday it priced its underwritten offering of 29 million class A common shares at $1.25 per share for expected gross proceeds of about $35 million.
Underwriters have been granted a 30-day option to purchase up to 4.2 million additional shares.
The offering is set to close around Friday.
Shares of the company fell more than 7% in recent premarket activity Thursday.
Price: 1.39, Change: -0.12, Percent Change: -7.95
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.