01:09 PM EST, 12/13/2024 (MT Newswires) -- Turning Point Brands ( TPB ) shares fell 4.3% in recent Friday trading after the company announced plans to offer $100 million in stock at the market with B. Riley Securities and Barclays Capital as sales agents.

Turning Point may sell almost 1.58 million shares at an assumed price of $63.45 apiece. The funds will be for general corporate purposes, including expanding manufacturing of the white nicotine pouch brand, the company said Friday in a regulatory filing.

Price: 59.75, Change: -2.66, Percent Change: -4.26