11:53 AM EST, 03/07/2024 (MT Newswires) -- Planet 13 Holdings Inc. ( PLNH ) has closed its previously announced underwritten public offering for total gross proceeds of US$11.3 million. The company issued and sold 18.75 million units at US$0.60 each.

Each unit consisted of one share and one warrant. Each warrant is exercisable for one share at US$0.77, for five years.

Net proceeds will be used for working capital and general corporate purposes.

Price: 0.72, Change: +0.01, Percent Change: +1.41