MDJM to raise $2.45M in private placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 11 2024
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Source: SeekingAlpha
Securities Purchase Agreement: MDJM has entered into a securities purchase agreement with institutional investors to raise approximately $2.45 million by issuing 2.72 million units at a price of $0.90 per unit.
Unit Composition: Each unit will consist of one ordinary share and one Series A warrant, which can be exercised for an additional ordinary share at an exercise price of $1.35.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
