FSD Pharma Inc. (HUGE) Announces C$10.125 Million Private Placement
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FSD Pharma Inc. Announces C$10.125 Million Private Placement
June 4, 2020 9:40 AM EDTTORONTO--(BUSINESS WIRE)-- FSD Pharma Inc. (NASDAQ: HUGE) (FSD Pharma or the Company), today announced it has entered into definitive agreements with certain institutional investors for the purchase and sale of 1,500,000 shares of the Companys Class B Subordinate Voting Shares (Shares) at a price of C$6.75 per Share pursuant to a private placement resulting in gross proceeds of approximately C$10.125 million. The Company has also agreed to issue common share purchase warrants to purchase 1,500,000 Shares of the Company. The warrants will have a five year-term and an exercise price of C$9.65 per share. The... More
