Alset EHome International Inc. said it has priced an underwritten public offering of 6.4 million common shares to be issued by the company at $2.12 a share.
The holding company also is issuing pre-funded warrants to purchase 8.7 million shares at $2.11 per pre-funded warrant. The pre-funded warrants have an exercise price of one cent a share.
The proceeds from the offering, are expected to be $32 million.
Alset EHome granted the underwriters a 45-day option to purchase additional shares, representing up to 15% of the number of the shares and pre-funded warrants sold in the base offering, solely to cover over-allotments, if any.
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