Kneat Raises $35.6 Million in a Bought-Deal Financing-February 2024-www.financetom.com

Kneat Raises $35.6 Million in a Bought-Deal Financing

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Kneat Raises $35.6 Million in a Bought-Deal Financing

Oct 10, 2024 11:13 PM

11:13 AM EDT, 10/10/2024 (MT Newswires) -- Kneat (KSI.TO) on Thursday said it closed a bought-deal offering, raising $35.6 million.

The company issued 7.5-million shares, priced at $4.75 each and the over-allotment option was partially exercised.

Proceeds will be used for product development, partnerships and go to market, and debt management.

Kneat was last seen up $0.06, to $4.70 on the Toronto Stock Exchange.

Price: 4.70, Change: +0.06, Percent Change: +1.29

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