Optimi Health Closes Oversubscribed US$15M Public Offering at $6.25 Per Share
OPTH sits 68% above its 52-week low of $3 on elevated volume (5.1× avg).
Summary
Optimi Health has closed its previously announced oversubscribed public offering, raising US$15 million by issuing 2.4 million common shares at US$6.25 per share. This follows the company's announcement yesterday regarding the pricing of the offering and its uplisting to the Nasdaq Capital Market. The capital infusion is highly significant, representing approximately 77% of the company's current market capitalization, and provides substantial working capital for future growth. The offering was priced at a premium to the current market price, indicating strong investor confidence.
At the time of this announcement, OPTH was trading at $5.04 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $19.3M. The 52-week trading range was $3.00 to $252.09. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.