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Nocera design, build, and procure the equipment needed to build and operate land-based fish farms
Nocera, Inc. Announces Closing Of $6.58 Million Underwritten Public Offering | Shares fell 51%
(TAIWAN, 8/19/2022)
Taipei City (GLOBE NEWSWIRE) -- Nocera (“Nocera” or “the Company”), a fully integrated sustainable seafood company with a focus on manufacturing and operating land-based Recirculatory Aquaculture Systems (RAS), announced the closing of its underwritten public offering of 1,880,000 units, each unit consisted of one share of common stock (the “Common Stock”) and one warrant (the “Warrant”) to purchase two shares of Common Stock, at a public offering price of $3.50 per unit, for aggregate gross proceeds of $6.58 million, prior to deducting underwriting discounts, commissions, and other estimated offering expenses.
The Common Stock and Warrants comprising the units were immediately separable and were issued separately. Each Warrant permits the holder to purchase two shares of common stock at an exercise price of $3.85 (110% of the per unit offering price) and expires five years after the date of issuance. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 282,000 units at the public offering price per unit, less the underwriting discounts and commissions, to cover over-allotments, if any
On August 11th Nocera Inc. (NASDAQ:NCRA) shares fell 51% to $2.54 after the company priced its underwritten public offering of 1.9 million units at $3.50 a unit for proceeds of $6.58 million.
On August 17th Nocera's stock dropped the most, trading down 15.92% to reach a new 52-week low.
Spartan Capital Securities, LLC and Revere Securities LLC acted as joint book-running managers for the offering.
A registration statement on Form S-1, as amended (File No. 333-264059), filed with the Securities and Exchange Commission (“SEC”) on April 1, 2022 was declared effective on August 10, 2022. A final prospectus relating to the offering was filed with the SEC on August 11, 2022 and is available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus relating to this offering, when available, may be obtained from Spartan Securities, LLC, 45 Broadway, 9th Floor, New York, NY 10006 Attention: Syndicate Department, or via email at syndicate@spartancapital.com or telephone at (877)772 -7818, or from Revere Securities, LLC, 650 Fifth Avenue, 35th Floor, New York, NY 10019 Attention: Syndicate Department, or via email at jbagley@reveresecurities.com or telephone at (212)688-2350.
Source: Nocera / Globe Newswire
editorial@seafood.media
www.seafood.media
Information of the company:
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Address:
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2030 Powers Ferry Road SE, Suite No. 212
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City:
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Atlanta
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State/ZIP:
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Georgia (GA 30339)
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Country:
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United States
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E-Mail:
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info@nocera.company
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Skype:
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https://www.instagram.com/nocerainc7777/
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More about: 
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