Aurora Cannabis Inc. (NASDAQ:ACB) (TSX:ACB) closed bought deal offering of units of the company for gross proceeds of approximately $172.5 million. The company sold approximately 70.4 million units at a price of $2.45 per unit, including approximately 9.2 million units sold pursuant to the exercise in full of the underwriters' over-allotment option.
Each unit is comprised of one common share of the company and one common share purchase warrant of the company. Each warrant is exercisable to acquire one common share of the company for a period of 36 months following the closing date of the offering at an exercise price of $3.20 per warrant share, subject to adjustment in certain events.
