05:11 AM EDT, 07/30/2024 (MT Newswires) -- Better Choice Company ( BTTR ) said Monday it priced its underwritten public offering of about 1.7 million common shares at $3 per share for expected gross proceeds of about $5 million.

Underwriters have been granted a 45-day option to buy up to an additional 100,000 common shares. The offering is expected to close on Wednesday.

The company said it plans to use the net proceeds for general corporate purposes, including working capital, sales and marketing and operating expenses.

Shares of Better Choice ( BTTR ) were down more than 5% in after-market hours on Monday.

Price: 3.1500, Change: -0.19, Percent Change: -5.69