Orgenesis to raise $14.8M in stock and warrants offering

Mar. 31, 2022 8:04 AM ETOrgenesis Inc. (ORGS)By: Khyathi Dalal, SA News Editor17 Comments
  • Orgenesis (NASDAQ:ORGS) entered into a definitive securities purchase agreement with certain investors for the sale of 4.9M shares in a private placement at $3/share and warrants to purchase up to 1M shares at $4.5/share.
  • The warrants are not exercisable until after six months and expire three years from issuance date.
  • Gross proceeds are expected to be ~$14.8M.
  • Offer is expected to close on or about Apr.30.

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