other material
confidence high
sentiment negative
materiality 0.65
Inotiv prices public offering of 6M shares at $4.25; expects ~$24M net proceeds
Inotiv, Inc.
- Priced 6M share offering at $4.25 each; underwriter has 30-day option for up to 900k additional shares.
- Net proceeds ~$24.0M ($27.6M if option exercised) for working capital, capex, and general corporate purposes.
- Lake Street Capital Markets sole book-runner; offering expected to close December 19, 2024.