other_material
confidence high
sentiment positive
materiality 0.65
Hycroft Mining closes additional over-allotment shares/warrants, raising ~$48.4M gross
HYCROFT MINING HOLDING CORP
- Underwriters exercised over-allotment for 1,324,117 shares at $3.49/share and 937,500 warrants at $0.02/warrant.
- Total offering now 13,824,117 shares and 7,187,500 warrants; gross proceeds ~$48.4M.
- Net proceeds increased to ~$45.03M after underwriting discounts and estimated expenses.
- CEO states capital will strengthen balance sheet and accelerate exploration at Hycroft Mine.
item 8.01item 9.01