Largo prices US$5.7 million registered direct offering at US$0.56 per share with warrants
Bitget2026/09/25 12:00- Largo priced a registered direct offering of 10,200,000 common shares with 10,200,000 warrants for gross proceeds of about US$5.7 million.
- Deal priced at US$0.56 per share and accompanying warrant; warrant exercise price set at US$0.70.
- Warrants are immediately exercisable, expire five years from issuance; closing expected on or about Sept. 29, 2026.
- Net proceeds earmarked for working capital, including payments to trade creditors.
- ARC Fund IV, affiliated with Alberto Arias, and co-CEO Jim Bannantine to buy 2,499,999 shares with 2,499,999 warrants on the same terms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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