Published on 28 Mar 2024 on Benzinga
Why OrganiGram (OGI) Stock Is Diving - OrganiGram Holdings (NASDAQ:OGI)
OrganiGram Holdings Inc OGI shares are trading lower by 19% to $2.17 Wednesday afternoon after the company announced pricing of an overnight marketed public offering.
The offering consists of 7.74 million units priced at C$3.23 each, totaling approximately C$25 million. The underwriters have an option to purchase an additional 1.161 million units within 30 days of the offering’s closing.