Kwesst Micro Systems Inc (TSE:KWE) has released an update.
KWESST Micro Systems Inc. is planning a public offering in the United States, aiming to sell common shares and/or pre-funded warrants, with ThinkEquity as the sole book-running manager. The company will potentially offer additional shares to cover over-allotments and intends to channel the net proceeds into working capital, general corporate pursuits, and furthering business goals. The offering’s completion is dependent on market conditions and is to be conducted via a prospectus supplement to the company’s shelf registration statement.
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