- Full Circle (FULL) received subscriptions for about 94% of the shares offered, 17% of which came from management and company advisors.
- Additionally, one institutional investor commits to buying 214K shares in the open market over the seven-day period following the expiration date of the offering.
- The rights offering and additional commitments will result in the issuance of no more than 11.42M shares of company stock. Estimated gross proceeds should be about $39M (subscription price was $3.50 per share).
- Source: Press Release