other material
confidence high
sentiment neutral
materiality 0.65
Precision Optics closes upsized $10M public offering at $3.60/share
PRECISION OPTICS CORPORATION, INC.
- Offering of 2,777,777 shares at $3.60/share; net proceeds ~$10.7M (including overallotment).
- Oversubscribed; existing and new institutional investors, plus directors/officers participated.
- Underwriter granted 45-day over-allotment for up to 416,667 additional shares.
- Representative's Warrants issued for up to 159,722 shares at $4.21/share, exercisable for 5 years.
- Proceeds for working capital and general corporate purposes.