- Nogin Inc NO evaluated the public offering of 7.33 million common shares and 7.33 million common warrants to purchase 7.33 million common shares for an aggregate consideration of 7.33 million common shares $3.00 per share per common warrant.
- The company expects Gross proceeds of approximately $22 million before deduction of findership fees and other offering costs.
- The Company expects the offering to close on or about April 6, 2023.
- The offering includes the participation of members of the Company’s management team and board of directors, as well as other insiders and convertible debenture holders.
- The Company intends to use the net proceeds from the issue to repurchase notes from holders of its convertible debentures and for general corporate purposes.
- The company closed Monday’s session up 139.8% at $6.51.
- Price promotion: NOGN shares are trading 61.5% lower at $2.50 on the latest check Tuesday.
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