UPDATE: Immuron Limited (IMRN) Prices 500K ADS Offering at $4/ADS

Immuron Limited (NASDAQ: IMRN) today announced the pricing of an underwritten public offering of 500,000 American Depositary Shares, or ADSs. Each ADS represents forty (40) ordinary shares of the Company. Each ADS is being offered at a public offering price of USD$4.00.

The Company has also granted to the underwriter a 45-day option to acquire an additional 75,000 ADSs to cover overallotments in connection with the offering, if any.

The offering is expected to close on May 29, 2019, subject to customary closing conditions.

ThinkEquity, a division of Fordham Financial Management, Inc., is acting as representative of the underwriters in the offering.

You May Also Be Interested In

• Citadel unwinds 80% of Aschenbrenner’s portfolio risk - report
• Greenland approves rare earths license transfer to Greenland Mines
• Breeze Acquisition Corp. II gets Nasdaq notice for late 10-Q filings