Aurora Cannabis Inc (NYSE: ACB) shares plunged in the after-hours session Tuesday as the company announced plans for a $125 million public offering.What Happened: Aurora plans to price each unit of the fresh issue at $7.50, which will consist of one common share of the company and one-half portion of a share purchase warrant. A whole warrant will entitle the holder to buy one common stock at an exercise price of $9 per warrant share. These warrants would have a maturity period of 40 months from the date of offer close.The company is yet to receive the approvals from the …read more
Source:: Yahoo Finance
