Lucy Scientific Discovery downsizes IPO again to $7.5M
Feb. 08, 2023 6:16 PM ETLucy Scientific Discovery Inc. (LSDI)By: Jessica Kuruthukulangara, SA News Editor2 Comments
- Psychotropic drug contract manufacturer Lucy Scientific Discovery (LSDI) on Wednesday downsized its proposed IPO again to ~$7.5M from $8M earlier.
- The firm priced its IPO of ~1.88M shares at $4 apiece.
- Underwriters have been granted a 45 day over-allotment option to buy an additional 15% or ~281.3K shares.
- The shares are expected to begin trading on Nasdaq Capital Market on February 9 under the ticker 'LSDI'.
- The IPO is expected to close on February 13.
- Late last year, Lucy Scientific (LSDI) had downsized its proposed IPO to $8M.