11:02 AM EDT, 03/18/2024 (MT Newswires) -- Li-FT Power Ltd. ( LIFFF ) , down 2.3% in last look, says it has begun a marketed best efforts public offering of up to 1.2 million common shares that will qualify as "flow-through shares" at $6.05 for aggregate gross proceeds of up to $7.13 million.

The company is also undertaking a concurrent non-brokered private placement of up to 689,660 traditional flow-through shares (non-brokered flow-through shares") at a price of $4.35 each for gross proceeds of up to $3 million.

The offerings will close about March 27.

Price: 3.84, Change: -0.09, Percent Change: -2.29