other material
confidence high
sentiment neutral
materiality 0.65
Ivanhoe Electric closes $160M public offering; underwriters exercise $24M option
Ivanhoe Electric Inc.
- Closed underwritten public offering of 11,851,852 shares at $13.50 per share on September 18, 2023.
- Gross proceeds to company from offering approximately $160 million before expenses.
- Underwriters fully exercised option for additional 1,777,777 shares, expected to close September 21.
- Aggregate option proceeds approximately $24 million before underwriting fees and expenses.