Host Digital Inc. Announces Closing of Common Stock Offering
Host Digital (f/k/a Healthy Choice Wellness Corp.) closed an underwritten public offering of 2,187,500 Class A shares at $8.00 per share, generating gross proceeds of approximately $17.5 million before underwriting discounts and expenses. Underwriters hold a 30-day option to purchase up to 328,125 additional shares at the offering price. Net proceeds are earmarked for data center investments, capital expenditures, general and administrative expenses, working capital and other general corporate purposes. Cantor acted as lead book-running manager, with Siebert, A.G.P.
Key figures
- Deal Value Usd
- 17500000
- Offering Price
- 8
- Shares Offered
- 2187500
- Gross proceeds
- $17.5 million
- Underwriter option shares
- 328125
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