Kaspien Holdings Inc. is looking to raise $13.5 million via an underwritten public offering agreement with a New York-based broker-dealer.
Aegis Capital Corp. has agreed to purchase 416,600 shares of Kaspien’s stock, which, in turn, will be offered to the public at $32.50 per share, according to a Kaspien news release.
The Spokane Valley-based company indicated in a filing with the U.S. Securities and Exchange Commission it intends to use proceeds from the public offering for general corporate purposes, which include “working capital to implement its strategic plans focused on brand acquisition, and investments in technology to enhance its scalable platform and its core retail business.” Closing of the
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